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T-Note futures have operated in an..........>

US TSYS
US TSYS: T-Note futures have operated in an extremely narrow 2+ tick range, with
cash Tsys closed for the Japanese national holiday, and scheduled to re-open for
London trade.
- The space has had little/no reaction to Chinese GDP & activity data, with the
eurodollar strip trading virtually unchanged at the latest count.
- Retail sales provides the U.S. highlight on Monday, with most looking to the
Q&A section of Fed Chair Powell's semi-annual monetary policy report due Tuesday
& Wednesday. There was no new ground broken in the release of the text of Fed
Chair Powell's semi-annual MonPol report (released Friday), highlighting that
policy remains accommodative, set for further gradual hikes.
- T-Notes last at 120.11+, U.S. 10-Year Tsy yields closed on Friday at 2.827%.
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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