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Local participants seemingly happy to.......>

US TSYS
US TSYS: Local participants seemingly happy to fade some of yesterday's sell off
in early cash trade, with yields 1.2-1.6bp lower across the curve at writing.
- This has also helped futures tick slightly higher, last -0-01+ at 126-30.
- Dovish remarks from Fed uber dove and non-voter Kashkari (reiterating call for
50bp rate cut) and Fed's Brainard (laying out the case for a cut in July) during
the NY/Asia crossover maybe helping at the margin, but comments were in keeping
with their respective MonPol stances. The comments after a lack of overtly
dovish Fedspeak on Thursday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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