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US Tsys finished Friday's session......>

US TSY/RECAP
US TSY/RECAP: US Tsys finished Friday's session near the top of the daily range,
as the curve bull flattened on modest volume.
- The reaction to a stronger than expected US GDP release saw T-Notes touch
session lows, although flow remained two way, stemming from prop, real-money &
bank accounts.
- This move was faded, with sporadic buying in the long end from bank &
insurance portfolios on lighter volume as the space ground higher.
- The CME is experiencing a delayed opening due to technical issues at the
exchange, no word on an opening time as of yet.
- Japan observes the Showa Day holiday today, meaning that Cash Tsys will be
closed until the London open.
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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