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US-yields are higher, with the sell off.....>

US TSYS: US-yields are higher, with the sell off accelerating in the second half
of the Asia-Pacific session after the space opened around Friday's closing lows.
- The 7-Year sector underperformed throughout the entirety of the session.
- Positive US-China trade rhetoric over the weekend & suggestions that North
Korea is willing to cease its nuclear development programme helped the space to
move lower, although US President Trump sound relatively cautious on the scope
of developments made re: North Korea in a tweet from the weekend.
- The Eurodollar strip was softer in the main; EDM8 was 0.5 tick higher, while
the remainder of the white and red contracts traded 0.5 to 2.5 ticks lower.
- The FOMC has now entered its blackout period in front of its upcoming MonPol
- T-Notes last at 119.11+, yields: 2Y 2.466%, 3Y 2.628%, 5Y 2.810%, 7Y 2.926%,
10Y 2.971%, 30Y 3.153%
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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