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FI trade remains quiet in second....>

US TSYS SUMMARY
US TSYS SUMMARY: FI trade remains quiet in second half, Tsys mildly higher, near
mid-range on moderate volume (TYM appr 1.3M). Accts sidelined ahead Fri's April
NFP (185k est) and AHE (0.2% est) as well as Fed speakers coming out of blackout
(4 Fed presidents Friday as well as VC Supervision Quarles).
- US$ index mildly lower (DXY -.077, 92.435; US$/Yen -.65, 109.19); equities
rebound after posting steep losses earlier (emini 2.0, 2625.75 vs. 2591.25L);
gold firmer (XAU +8.45, 1313.40); West Texas crude little softer (WTI +0.48,
68.41). Sources note strong correlation between WTI and equities on day.
- Limited react to weekly claims (211k), trade deficit -$49.0B , prelim nonfarm
prod +0.7%, ISM 56.8 and factory orders +1.6%, again waiting on Fri's headline
data and Fed speaker docket.
- Heavy Eurodlr option volume, >125k EOM 71p sales, ongoing closer, Blue Jun
call spd sales vs buying puts.
- Swaps, steady to marginally wider, light volume includes payer 3s (2.8375%),
two-way switches in 5s.
- Tsy ylds: 2Y 2.480%, 3Y 2.619%, 5Y 2.779%, 7Y 2.895%, 10Y 2.944%, 30Y 3.117%

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