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Bullish Outlook


Trend Needle Still Points South


US-ASEAN Summit Concludes


Risk-On Sentiment Dominates

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US TSYS: T-Notes hover around worst levels on the back of more upbeat rhetoric
from U.S. President Trump re: China relations and trade war matters, although
Trump did tell RTRS that he would view a rate hike at next week's FOMC decision
as foolish, this has seemingly limited follow-through below Tuesday's session
low, for now at least.
- Yields have edged higher, in a fairly parallel manner, +0.9-1.2bp at writing.
- The white and red Eurodollar contracts are trading 0.5 to 1.5 ticks lower at
- T-Notes last 120.11+, U.S. 10-Year cash Tsy yield last at 2.888%.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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