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

US TSYS
US TSYS: The contractionary Caixin Chinese manufacturing PMI reading pushed
T-Notes to fresh session highs, back above settlement levels, as broader
risk-off flows hit screens in the wake of the release. This came after a quiet
re-open for the space. T-Notes finished Monday back from best levels after an NY
afternoon rally.
- Cash space closed until London hours, with Japan off on holiday until Friday.
- Eurodollar white & red contracts trade unchanged to 1.0 tick lower on the day,
with modest flattener flow observed in EDM1M2 post-China Caixin manufacturing
PMI.
- Focus falls on Friday's NFP report, with the manufacturing ISM survey due
Thursday. Elsewhere worth noting that Fed Chair Powell & Bostic are set to speak
Friday. Focus on the ongoing gov't shutdown, President Trump has invited a
bipartisan group of congressional leaders to the White House on Wednesday.
- T-Notes last 122.01+, 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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