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Tight, China Matters Eyed

US TSYS

There has been nothing in the way of meaningful macro news flow in the early rounds of Asia-Pac dealing, leaving T-Notes in a 0-01 range. Cash Tsys are little changed to ~1.0bp cheaper across the curve after the elongated weekend, as the 10-Year point leads the way lower. Chinese market dynamics will likely provide the lead during the Asia-Pac session, starting with the USD/CNY mid-point fixing (for reasons highlighted earlier).

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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