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Softer Than Exp. Chinese GDP Cushions Downside Impetus

US TSYS

A lack of fresh macro headline flow and the weaker than expected Chinese GDP reading has limited the downside impetus that was witnessed in early Asia-Pac trade (which was largely driven by the aforementioned uptick in e-minis, see earlier bullets for further details on that matter). Contract last -0-04+ at 138-29+, while cash yields sit 0.6-1.6bp cheaper across the 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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