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T-Notes legged lower on the back of.........>

US TSYS
US TSYS: T-Notes legged lower on the back of Trump's latest comments re: trade
with China, but the move to fresh session lows was quickly retraced.
- As a reminder BBG ran comments from Trump as he noted that Chinese President
Xi "wants to make a fair trade deal," but stresses that "we have to make the
right deal."
- The comments re: the right deal likely limited the move.
- Yields are 0.6-1.0bp higher last.
- Extra weight has likely been added by U.S. equity index futures moving away
from lows, after they were initially pressured by Apple's miss on iPhone sales,
softer guidance than most were looking for and removal of iPhone, iPad & Mac
individual unit sales from futures earnings releases, which weighed on the tech
giant after hours.
- The Eurodollar strip trades 0.5 tick higher to 0.5 tick lower last.
- T-Notes last 118.18+, U.S. 10-Year cash Tsy yields last at 3.140%.
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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