MNI EUROPEAN MARKETS ANALYSIS: Surprise PBoC Rate Cut Weighs On Yuan & Local Yields
MARKETS Treasury futures initially sold off a touch after China lowered the LPR, although we have since recovered that move to trade little changed today. TUU4 trades - 00⅛ at 102-15, while TYU4 is + 02+ at 110-29, ranges have been tight today, while …