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US Tsys have operated in a rather sedate....>

US TSYS
US TSYS: US Tsys have operated in a rather sedate manner, when we compare
today's session to Tuesday's, which was of course subject to heightened trade
war worries as US President Trump upped the ante by directing the US Trade
Representative to identify an additional $200bn worth of Chinese goods for
tariffs to be levied on.
- A brief bout of risk off flows hit in the middle of the session, but quickly
abated as USD/JPY moved back above Y110.00 and equity indices recovered. This
was perhaps aided by the fact that the USD/CNY fix was not quite as high as most
had estimated.
- The Eurodollar strip is mostly unchanged or thereabouts.
- T-Notes last at 119.27, US 10-Year Tsy yield last at 2.891%.
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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