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*** After initial post data sale,....>

US TSY FUTURES: *** After initial post data sale, futures have ground back to
mildly lower O/N range amid moderate two-way flow, position squaring ahead
extended holiday weekend for U.S. Equities held strong gains (emini +14.5
2784.0), Gold higher (XAU +13.25, 1335.57), oil firmer (WTI +0.29, 64.09).
- Rates sold off/choppy trade after Dec CPI 0.1% and Retail Sales +0.4% both as
expected. Cross-market note: Tsys ground off lows while Gilts slammed by over 40
ticks in wake of Bloomberg newswire story on Spain and Dutch seeking a soft
Brexit; Bunds higher after ECB Weidmann downplayed rate change risk, trends
- Short end hammered as rate hike odds for March increased, 2Y Note yld climbed
to 2.0201 high/+0.0415 -- September 2008 high.
- In addition to better selling, real$ rolling forward, fast$ reversing,
sporadic bids below, scale in flatteners in 5s30s, fast$ doing steepeners.
- Heavy short end selling. -60,000 EDM8 97.97 (-0.025); Jan Eurodollar options

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