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T-Notes operate at/around session lows at...>

US TSYS
US TSYS: T-Notes operate at/around session lows at writing, with risk appetite
experiencing a modest recovery overnight as USD/JPY topped Y112.00.
- BBG reports on comments from Japanese FinMin Aso, who stated that the Japanese
& U.S. FX chiefs will discuss currency matters, likely aided the move, alongside
an uptick in the Nikkei 225.
- The belly of the curve has experienced some modest underperformance in cash
trade, following yesterday's slight outperformance.
- The Eurodollar strip trades unchanged to a tick softer last. The most notable
flow in the space thus far has been EDZ8 4.5K given at 97.305 & EDZ9 paper paid
96.780 on 10.0K.
- The U.S. Tsy's semi-annual FX report is keenly awaited, with the Saudi
journalist situation in the Kingdom's Turkish consulate still under scrutiny
(reports point to a botched interrogation leading to his death).
- Fed's Daly speaks late Tuesday.
- T-Notes last 118.03+, U.S. 10-Year cash Tsy yields last 3.171%.
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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