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A busy holiday-shortened week has...>

US TSYS SUMMARY
US TSYS SUMMARY: A busy holiday-shortened week has begun with fairly subdued
Tsys trading, amid middling volumes (<240k TYU0 traded by 0630ET, 7-tick range).
- Sep 10-Yr futures (TY) down 2/32 at 139-5 (L: 139-02.5 / H: 139-09.5)
- The 2-Yr yield is down 0.4bps at 0.1622%, 5-Yr is down 0.8bps at 0.2941%,
10-Yr is up 0.3bps at 0.6446%, and 30-Yr is up 0.7bps at 1.3766%.
- Stocks have stabilized after Friday's sell-off, Eminis +0.2%. USD off a bit.
- Yet again, COVID case updates will be eyed today, though weekend data points
may be dismissed as they usually understate the numbers. Not much on data front
today (May pending home sales at 1000ET, Dallas Fed manufacturing at 1030ET),
but a bonanza later this week including ISM and nonfarm payrolls.
- Fed appearances today (SF's Daly at 1100ET, NY's Williams at 1500ET) not
likely to have much on current Fed policy. More focus on Powell and Williams
Tuesday, and June FOMC minutes Wednesday.
- 13-/26-week bill sales for $105bln today; no coupons this week. NYFed buys
~$1.75bln in Tsys today.

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