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A quiet but decidedly risk-on.......>

US TSYS SUMMARY
US TSYS SUMMARY: A quiet but decidedly risk-on start to the week has seen Tsys
weaken over Asia-Pac/Europe trading, albeit thinned by Japanese holiday.
- Risk-on driven by continued positive tones on U.S.-China trade front: China
ForMin said that Chinese Pres Xi and U.S.'s Trump have been in continuous touch
through "various means", adding to U.S. Comm Sec Ross' positive w/e comments.
- Stocks continue to climb; S&P e-minis up 0.5%.
- Curve steeper: 2-Yr yield is up 2.8bps at 1.5802%, 5-Yr is up 3.4bps at
1.5768%, 10-Yr is up 4.2bps at 1.7524%, and 30-Yr is up 4.7bps at 2.2369%.
- Dec 10-Yr futures (TY) down 6.5/32 at 129-26 (L: 129-22.5 / H: 130-02.5).
- SF Fed`s Daly speaks at NYU Stern (no text, but with Q&A) at 1700ET.
- Sep factory orders and the final print of Sep durable goods due at 1000ET.

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