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As Asia opened following news.......>

US TSYS SUMMARY: As Asia opened following news that the Senate tax plan had
passed, the risk-on move saw the 10Y UST yield leap from 2.36% to 2.42%. There
was a small decline in the following minutes before the Treasury market settled
down into quiet trading period before Europe opened.
- As European markets woke from their weekend slumber, Treasury buyers
materialised. The 10Y yield is currently +2.9bp at 2.39%, with a fairly parallel
shift high in yields.
- Around 0929GMT there was a reported 39k seller of Mar-18 Eurodollars although
the impact upon prices was fairly limited.
- Interesting swap flows include a 5-30Y steepener and paying the belly on a
5-10-30Y butterfly.
- Economic data is limited to factory order and a final release of October
durable goods data. There are no US coupon auctions this week.

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