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Tsys moved lower on Tuesday, weighed...>

US TSY/RECAP
US TSY/RECAP: Tsys moved lower on Tuesday, weighed on by unexpectedly high
corporate issuance hedging ($10bln AB/INBEV 5-tranche providing the highlight)
amid thin market conditions.
- Tsy flows were mixed heading in to NY hours, with better buying in the
long-end of the curve and sellers of shorter dated paper noted. Moving through
the day, real & fast money accounts favoured selling the belly.
- The bounce in the USD also helped Tsys move lower.
- Heavier Eurodollar put buying was seen, covering the mid-2019 sector, as the
underlying continues to adjust for higher rates.
- T-Notes last 120.00, cash Tsys closed.
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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