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Tsys traded weaker on Monday, going....>

US TSY/RECAP
US TSY/RECAP: Tsys traded weaker on Monday, going out near the lows as the curve
steepened modestly, with roll activity once again dominating volume in futures.
- Risk-on trade was apparent as equities benefitted from the announcement of a
U.S. trade agreement with Mexico, with the U.S. now moving on to talks with
Canada in the hope of a tri-lateral agreement based upon the U.S.-Mexico deal
(with this bi-lateral agreement as a kick back).
- The latest 2-Year Note auction came in on the screws, with the participation
breakdown largely in line with recent averages
- Focus on Tuesday turns to 5-Year Note supply.
- T-Notes last 120.11+ U.S. 10-Year cash Tsy yields closed at 2.846%.
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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