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U.S. Tsys came under pressure as the U.S....>

US TSYS: U.S. Tsys came under pressure as the U.S. 10-Year Tsy yield broke the
month to date high, with the belly of the curve experiencing some modest
underperformance, while a strong Aussie labour market report also pressured the
- T-Note futures managed to breach their month to date low on decent enough
- The Euro-dollar strip moved lower, in sympathy with Bonds, with a parallel
shift observed from the red contracts out. Steepener interest was noted in the
early part of the session as futures initially sold off, with the following
options trade observed later on: US EURODLR OPTIONS: EDM0 98.50 calls bought
against the EDF9 97.125/97.25 strangle, paper pays 3.5 for the calls on 5.0K
(5x1 ratio).
- Fed's Quarles will speak later on Thursday, with Bullard due Friday ahead of
Saturday's blackout.
- T-Notes last at 119.30+, U.S. 10-Year Tsy cash yields last at 2.886%.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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