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Real Yields Drive Belly Sell-Off

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US TSYS
US TSYS: T-Notes still trade lower on the day, albeit at the margin, following
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 seemingly limited T-Notes' follow-through
below Tuesday's session low.
- Yields have edged higher, with 2-Year paper underperforming.
- The white and red Eurodollar contracts are trading 0.25 higher to 1.5 ticks
lower at writing.
- T-Notes last 120.12, U.S. 10-Year cash Tsy yield last at 2.886%.
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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