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News flow has been light, with Tsys.........>

US TSYS
US TSYS: News flow has been light, with Tsys initially opening lower on the back
of the latest round of trade war headlines from the weekend. The US has placed
tariffs on Chinese goods "on hold" after China pledged to significantly boost
its purchases of US goods, with a US delegation set to visit China to discuss
trade matters.
- 3 bouts of block buying interest in US 10-Year Tsy futures led to a recovery
in the space, with the benchmark contract briefly returning to unchanged on the
session, before easing again as we moved towards European hours.
- Cash & swap activity has been fairly limited, with the short end & belly
underperforming the long end of the Tsy curve which has led to modest
flattening.
- The white & red Eurodollar contracts sit 1.0 to 2.5 ticks lower on the
session.
- Fed Voter Bostic, as well as non-voters Harker & Kashkari will speak on
Monday.
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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