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The elongated Japanese weekend,........>

BOND SUMMARY
BOND SUMMARY: The elongated Japanese weekend, owing to a market holiday, sapped
liquidity from Asia-Pacific hours, with weekend headline flow providing the
talking points for traders to stew over.
- Mixed assessments re: the latest developments in the Sino-U.S. trade war saw
T-Notes back from Friday's highs, but off of the early Asia lows, with the
contract last +0-04+ at 129-26+. Cash Tsys are closed until London hours owing
to the aforementioned Japanese holidays. Eurodollar futures deal unchanged to
2.5 ticks higher through the reds.
- Australian paper has traded in a similar manner to Tsys, and have threatened a
clean break above Friday's highs. The latest round of local data and ACGB supply
was looked through, although it has been a relatively busy one on the A$
corporate issuance front. YM +1.5, XM +3.5, leaving YM/XM at 29.0. Bills trade 2
ticks lower to 2 ticks higher through the reds.
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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