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T-Notes continue to operate in a tight......>

US TSYS
US TSYS: T-Notes continue to operate in a tight range, as the cash space plays
catch up following the long holiday weekend. Modest bull steepening has been the
theme in cash for the most part, with yields 0.9 to 2.0bp lower at writing.
- Sino-U.S. trade relations and the U.S. gov't shutdown continue to provide the
pre-eminent issues, with the Fed in blackout ahead of next week's MonPol
decision.
- Eurodollar trade has been quiet, with the whites and reds trading unchanged to
1.5 ticks higher at writing.
- T-Notes last 121.09, U.S. 10-Year cash Tsy yields last 2.768%.
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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