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T-Notes were pressured by strong U.S. GDP...>

US TSYS
US TSYS: T-Notes were pressured by strong U.S. GDP data and a bounce back in the
MNI Chicago PMI reading on Thursday, with additional month-end selling noted
ahead of the bell. This came after the fallout from the Trump-Kim summit had
pushed the contract to intraday highs in early European hours.
- The belly underperformed in cash trade.
- Option flow was lighter on the day, but the tone in the space remained
bearish.
- Various Fed speakers stuck to their respective scripts
- Fed's Powell & Mester are set to speak overnight, with Caixin manufacturing
PMI data out of China providing the headline risk event.
- T-Notes last 121.31, U.S. 10-Year cash Tsy yields closed at 2.715%.
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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