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Tsys continued to draw support from....>

US TSY/RECAP
US TSY/RECAP: Tsys continued to draw support from the negative equity backdrop
on Friday, which allowed T-Notes to close in the upper end of their range,
operating on solid volume. 
- Nov Tsy option expiry helped keep TYZ8 futures near 119-00, as
pin-risk/hedging helped keep underlying anchored.
- It has been a relatively quiet start to trade this week with T-Notes operating
within a 3 tick range thus far.
- U.S. labour market report headlines the local docket this week, when it hits
Friday, with PCE due Monday, ADP Wednesday, as well as PMI/ISM M'fing surveys
Thursday.
- T-Notes last 118.31+, U.S. 10-Year cash Tsy yields closed on Friday at 3.076%.
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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