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Weakness Extends A Little


Weakness extends a little, with the 5- to 10-Year zone logging fresh YtD yield peaks in the process, while 2s haven’t breached their own YtD peak. A reminder that Asia-Pac participants seem to be looking to the hawkish elements of Thursday’s price action, namely data and Fedspeak from the historically hawkish end of the Fed spectrum, when it comes to shaping today’s moves. Cash Tsys are 3bp cheaper across the curve, while TY futures operate just off the base of their 0-08 range, -0-11 at 111-17+.

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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