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Stronger than exp. Japanese GDP (albeit.....>

US TSYS
US TSYS: Stronger than exp. Japanese GDP (albeit with a sketchy breakdown)
helped to apply pressure in early Asia-Pacific trade, with a modest uptick in
U.S. equity index futures also applying some pressure to the space.
- BBG sources revealed that several U.S. tech names have frozen supply to
Huawei, after RTRS confirmed that Google has suspended business with Huawei that
requires the transfer of hardware
& software products except those covered by open source licenses, which helped
to limit losses.
- Modest bear flattening was the order of the day in the cash space.
- Eurodollar futures last trade 0.5 tick higher to 1.5 ticks lower through the
reds. The 0EM9 98.000/98.125 call spread saw 20.0K lifted on block at 0.025.
- Focus now turns to comments from Fed's Harker, Williams & Clarida later today,
after Harker and Fed compatriot Kaplan sounded a little more cautious over the
weekend.
- T-Notes last 124-13+, U.S. 10-Year cash Tsy yield last 2.402%.
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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