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T-Notes edged back from best levels.........>

US TSYS
US TSYS: T-Notes edged back from best levels overnight, even as the broader
market backdrop pointed to risk-off dynamics on the unwind of Brexit optimism
and soft regional data.
- Overnight Tsy flow has seen a focus on the downside via: TYK9
122.00/121.50/121.00 put ladder 10.0K blocked at 0-02, and a 750 lot UB block
seller, which, when coupled with the failure of 10-Year Tsy yields to close
<2.6%, likely drove activity in the space.
- Yields sit 0.8-1.1bp higher across the curve.
- Eurodollar futures trade 0.25 to 1.5 ticks lower on the day.
- Domestic interest moves to durable goods and PPI data, as well as 30-Year
supply (which comes on the back of yesterday's strong 10-Year auction.
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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