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Yellen-Liu He Call Adds Further Pressure

US TSYS

News of U.S. Tsy Sec. Yellen & Chinese Vice Premier holding a phone call to discuss tariffs and other matters, which China’s MOFCOM deemed “constructive,” has added further pressure to the Tsy space, with TYU2 last running -0-17 at 118-23+, while cash Tsys sit 9-12bp cheaper on the day, as the curve bear flattens. E-minis operate a little shy of their early session peak, while USD/CNH has moved lower.

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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