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The aforementioned risk negative factors....>

US TSYS
US TSYS: The aforementioned risk negative factors are easily outweighing any of
the COVID-19 related positives from the weekend, with regional Asia-Pac equity
markets and e-minis trading defensively (although e-minis are off their lows).
- USD/CNH's lack of clean follow through above CNH7.15 may cap the bid in
T-Notes/limit the sell off in e-minis for now, with the former last +0-10 on the
day at 139-06, 0-01 off highs.
- No doubt that Sino-U.S. tensions are front and centre, with "Tariffman" back
to the fore.
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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