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Nothing in the way of notable market........>

US TSYS
US TSYS: Nothing in the way of notable market reaction to the U.S. House of
Representatives voting to impeach President Trump on abuse of power charges &
obstruction of Congress. This was expected as the House is under Democrat
control. Expectations are that the Republican controlled Senate will block the
removal of the President in the early part of 2020.
- T-Notes have edged a touch higher in the wake of the votes, last +0-04+ at
128-10, best levels of the day, curve has seen some light bull flattening. On
the flow side the TYG0 129.50/127.00 risk reversal saw paper buy the puts to
sell the calls, for a total of 5.0K thus far. There was also ~10.0K of the TYGO
127.00 puts lifted on screen, over a couple of clips.
- Eurodollar futures print 1.0 tick lower to 1.0 tick higher through the reds.
EDH0 is the only contract underwater, with previously highlighted selling flow
leading to underperformance there.
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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