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T-Notes ticked away from Wednesday's........>

US TSYS
US TSYS: T-Notes ticked away from Wednesday's settlement levels in early
dealing, with little in the way of fundamental catalysts noted, outside of
higher yields garnering demand, with further support drawn from an on screen
buyer of 5.0K TUZ8 contracts. 
- BBG reports noting that China is said to be planning a broad import tax cut to
go into play as soon as next month provided some modest and brief pressure which
was quickly unwound in late Asia dealing.
- Looking ahead to next week's FOMC decision, a hike is baked in, with MNI's
PINCH model pointing to a ~90% chance of an additional hike in December.
- The White House has confirmed WSJ reports which suggested that U.S. President
Trump is to nominate former Fed economist Nellie Liang for a seat on the
Reserve's board.
- Eurodollar futures trade unch. to 2 ticks higher last.
- T-Notes last 118.22+. U.S. 10-Year cash Tsy yields last 3.061%.
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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