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Weakness In Chinese Equities Provides Fresh Bid, Early Ranges Generally Respected

US TSYS

The previously outlined weakness in Chinese equities seemed to provide a fresh bid for U.S. Tsy futures, although TYM3 failed to breach its early Asia-Pac peak on the move (it did match it). The contract now sits +0-10 at 115-06, 0-01 off best levels. UXY, WN & US futures had a look through their early highs, but the moves haven’t garnered much traction above those points. Cash Tsys run 1.0-2.5bp richer across the curve, with the belly outperforming.

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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