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The contractionary Caixin Chinese...........>

US TSYS
US TSYS: The contractionary Caixin Chinese manufacturing PMI reading has pushed
T-Notes to fresh session highs, with the contract trading just shy of settlement
levels at writing & off the reaction high.
- Risk assets broadly under pressure on the back of the print with U.S. equity
index futures now into negative territory on the day.
- Eurodollar white & red contracts trade 0.5 to 2.0 ticks lower on the day, with
modest flattener flow observed in EDM1M2 post-China Caixin manufacturing PMI.
- T-Notes 121.30+, U.S. 10-Year cash Tsy yields closed at 2.684%.
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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