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Softer than expected official...............>

US TSYS
US TSYS: Softer than expected official manufacturing PMI data out of China put a
modest bid into the space, with yields 0.8-1.2bp lower across the curve at
writing, although outright activity has been somewhat subdued over the last
couple of hours or so.
- T-Notes have stuck to a tight range, with the major Asia-Pacific economic data
releases out of the way. Focus now moves to the Trump-Kim summit, with little in
the way of market moving comments in today's opening press conference.
- Flow in the space has been light thus far.
- Eurodollar contracts trade 0.25 to 1.5 tick higher through the reds.
- T-Notes last 122.11+, U.S. 10-Year cash Tsy yields last 2.672%.
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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