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Market Roundup, Paring Early Gains


.Tsys futures still bid in late morning trade, but well off early session highs as market continues to weigh impact of reversal nearly all measures from UK 23 September mini-budget this morning. UK Gilt rally where "UK 10Y INFLATION-LINKED YIELDS FALL 63BPS, SET FOR RECORD DROP" Bbg.

  • No obvious headline driver for reversal of Tsy support over last couple hours heading into the London close. Any react to weaker-than-expected headline Empire number (-9.1 vs -4.3 survey and -1.5 prior) lost in the early morning shuffle.
  • Data focus turns to IP/Cap-U, Net TIC flows on tap Tuesday.
  • US Tsy auctions: $57B 13W, $45B 26W bill auctions at 1130ET today, no supply Tuesday. No scheduled Fed speakers until Tuesday.

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