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T-Notes have edged away from Tuesday's......>

US TSYS
US TSYS: T-Notes have edged away from Tuesday's late low, but have stuck to a
tight range.
- A positive session for equities, aided by a WSJ article noting that China is
looking to moderate trade threats and "soothe relations with U.S.
multinationals," weighed on Tsys on Tuesday.
- The latest 3-Year note auction drew a 0.1bp tail, as the cover ratio held
steady around the 6 auction average, with the takedown %'s among different types
of investors broadly stable and in line with the recent averages.
- The Eurodollar strip trades unch. To 1 tick higher.
- Fed's Brainard & Bullard are due to speak later on Wednesday, with the release
of the latest Beige book also scheduled.
- T-Notes last 119.11+, U.S. 10-Year cash Tsy yields last 2.970%.
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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