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Previously Flagged Matters Lead The Bid

US TSYS

It took a while to permeate, but it would seem that a defensive start to the week for Chinese & Hong Kong Equity indices is weighing on broader risk appetite, with fears of increased regulatory burden/scrutiny from the Chinese authorities evident in the wake of the crackdown on the education sector. This has allowed the U.S. Tsy space to richen, with T-Notes now +0-04+ at 134-09, while cash Tsys print 0.5-1.0bp richer across the curve. The opening salvos at the latest meeting between senior U.S. & Chinese officials haven't been particularly warm (as was foretold).

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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