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T-Note futures eased to fresh session.......>

US TSYS
US TSYS: T-Note futures eased to fresh session lows as S&P 500 futures breached
Thursday's highs, with a risk-on theme observed in Asia-Pacific hours (although
the contract stuck to a tight range). Optimism centred on the tech sector and
developments re: Brexit matters. T-Notes trade just above worst levels last.
- Yields across the Tsy curve sit marginally higher on the day, 0.5-1.3bp higher
than close.
- Outside of the Brexit headlines it has been a fairly non-descript session in
terms of news flow, with the U.S. gov't still in a state of shutdown, as the
Reps and Dems continue at loggerheads re: government funding and President
Trump's proposed southern border wall.
- The Eurodollar strip trades unch-1.5 tick lower across the whites and reds.
- With an empty docket apparent today focus turns to next week's issuance
schedule, with 2-, 5- & 7-Year note auctions, as well as FRN & bill supply shoe
horned into Monday & Tuesday ahead of Wednesday's Fed MonPol decision.
- T-Notes last 121.20, U.S. 10-Year cash Tsy yields last 2.726%.
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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