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Looking Through Chinese Data

US TSYS

No reaction in the space to the softer than expected round of the Chinese monthly economic activity data, with the releases still reflecting significant bounces in Y/Y terms (albeit slower growth vs. what was seen March). Elsewhere, China's surveyed unemployment rate moved lower, now printing in line with late '19 levels. China's NBS highlighted the notion that the Chinese economic recovery continues to be "uneven." T-Notes last +0-02+ at 132-15+, yields remain little changed across the cash Tsy curve.

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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