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Tsys have stuck to a tight range............>

US TSYS
US TSYS: Tsys have stuck to a tight range overnight with the latest round of
trade-related comments from Chinese policy makers, the opening salvo from
China's NPC, a soft Chinese Caixin services PMI print and the latest RBA
decision doing little in terms of generating volatility.
- Yields are marginally mixed in cash trade.
- One options trade of note overnight: TYJ9 122.25 calls 5.0K given at 0-13.
- Eurodollar flow was limited, with the strip trading virtually unchanged
through the reds.
- Focus Tuesday moves to the ISM non-manufacturing survey & Fedspeak from
Kashkari, Barkin & Rosengren.
- T-Notes last 121.27+, U.S. 10-Year cash Tsy yields last 2.720%.
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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