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Treasuries have been under..........>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries have been under pressure through the Asian and early
European session following better than expected Chinese GDP data.
- TY1 futures hit their lowest level since March 19 at 120-20+ before retracing
some of its losses and it at writing it is down 0-3 at 122-23+.
- 10y UST yields are up 1.5bp at 2.606% and 2y yields up 0.3bp at 2.416%.
- The highlight on the data calendar will be Feb trade data with wholesale
inventories also due for release later today.
- There are a number of Fed speakers due up in the North American afternoon
including Harker and Bullard with the Beige Book also due for release.

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