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Tsys finished weaker across the........>

US TSY/RECAP
US TSY/RECAP: Tsys finished weaker across the curve on Thursday, with T-Notes
going out just off best levels.
- Weakness started in Asia-Pac trade on the back of RTRS reports surrounding the
pursuit of multiple U.S.-China MOUs on key structural trade matters.
- Weaker Gilts/Bunds then helped.
- Heavy corporate issuance added additional pressure later in the day, along
with option-tied hedging ahead of Friday's March Tsy option expiration.
- Weak Philly Fed and durable goods data was noted. Although it took a block TY
buyer to put a base in during the second half of the U.S. session.
- A plethora of Fedspeak is due Friday, with the text of Fed Chair Powell's
semi-annual report to congress set to headline, although most expect the report
to hold little in the way of fresh information.
- T-Notes last 121.28, U.S. 10-Year cash Tsy yields closed at 2.691%.
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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