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T-Notes operate around unchanged levels,....>

US TSYS
US TSYS: T-Notes operate around unchanged levels, after opening marginally
lower, with little in the way of fresh information given by Fed Chair Powell.
- Powell stressed the need for Fed's gradual approach, while noting that all
meetings are live. Powell has addressed widely discussed risks and tailwinds,
noting that he is very happy with how the U.S. economy is reacting to policy,
stating that the balance sheet run off is going very well.
- White & Red Eurodollar contracts trade unchanged to 0.5 tick lower.
- T-Notes last 118.23+, U.S. 10-Year cash Tsy yields last 3.121%.
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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