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(M2) Resistance Remains Intact

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USD Weaker; NZD Outperforms

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US TSYS
US TSYS: T-Note futures have drawn a modest bid from a heavy start for Chinese
stocks, stemming from the latest round of U.S- China trade rhetoric, although
the contract has stuck to a tight range with the cash space closed until the
London open.
- The Eurodollar strip trades virtually unchanged, although it has been a fairly
active start to the week for the strip volume wise, in spite of the limited
price action and cash market closure.
- Flash PMI data, due Friday, provides the highlight of the U.S. docket this
week. As a reminder the Fed has entered the blackout period ahead of next week's
FOMC MonPol decision.
- T-Notes last 119.06+, U.S. 10-Year cash Tsy yields closed at 2.996% on Friday.
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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