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T-Notes sit just off of their...............>

US TSYS
US TSYS: T-Notes sit just off of their Asia-Pacific peak, after edging away from
the opening lows and Monday's worst levels as regional equity indices operate
off of their early highs & Asia-Pacific traders choose to fade Monday's
sell-off.
- Ongoing Brexit impasse & some focus on a local South Korean report noting that
a South Korean official said that "North Korea could be on the brink of a
missile launch from a pad on its western coast" on Monday have generated support
for the space.
- Also worth reminding that a block trade in late NY hours Monday helped
pressure Tsys ahead of the close, so move may represent some unwind.
- The belly of the curve has outperformed in Asian hours after struggling
Monday. Yields trade 1.3-2.8bp lower across the curve at writing, with the long
end lagging the move.
- Eurodollar futures trade 0.5 to 2.5 ticks higher through the reds.
- T-Notes last 123.24, U.S. 10-Year cash Tsy yields last 2.476%.
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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