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Tsys finished higher on the day,.......>

US TSY/RECAP
US TSY/RECAP: Tsys finished higher on the day, after their early move lower,
although implied vol. remains rather subdued.
- The second half surge occurred on heavy futures volume, with the USD falling
after Pres. Trump stated that he is not happy about interest rates going higher,
while he highlighted that the Chinese currency is dropping like a rock.
- A large sale (30K) of the EDU8/EDZ8 spread was noted at 0.210, an unwind of a
purchase from Tuesday, there was also a front end duration weighted steepener
Block +10,504 TUU vs. -8,950 FVU.
- Fed's Bullard is due to speak on Friday, ahead of the blackout which goes into
force at the weekend.
- T-Notes last at 120.10+, U.S. 10-Year Tsy cash yield closed at 2.838%.
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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