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US TSYS: China Equity News, Bonds Steady Ahead Of BoJ

US TSYS

    TYH4 is trading at 111-13+, -02+ from NY closing levels.


  • Cash bonds are largely unchanged for the day with the 10Y almost 1bp lower
  • Slight risk on move post China equity news, as China mulls a stock market rescue package, with the Hang Seng up 3.00%, however spillover has been somewhat limited in Fixed Income
  • Traders are largely on the sidelines at the moment, waiting for the BOJ decision shortly, expected to come anytime after 1130 local time, with BoJ Ueda presser follows appr 4 hours later.
  • US data is light on tonight, with Richmond Fed Manufacturing index, and Tsy 2Y note sales the only things to note

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