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MNI BRIEF: BOJ's 2% Target Far,  Easing Needed - Takata

MNI BRIEF: Aussie GDP Grows 0.4% Q/Q, Beats Expectations

MNI: PBOC Net Drains CNY356 Bln Wednesday via OMO

Australia Q2 GDP +0.4%; Exports, Investment Contribute

Futures Extend Gains

US Treasury Auction Calendar

MNI BRIEF: China Will Look To Belt & Road Amid Trade Tensions

MNI BRIEF: BOC Staff Paper Sees Few Signs Of 'Greedflation'

MNI BRIEF: Canada Raises Bank Capital Buffer On Housing Risk

Generally quiet end to a busy week,....>

US TSY FLOWS
US TSY FLOWS: Generally quiet end to a busy week, rates bid but off midday highs
-- underlying bid since midweek's Dec FOMC minutes that came off
balanced/dovish, underscored in large part by half-dozen Fed speakers on
Thursday reiterating patience as tightening cycle getting long in the tooth.
- Yield curves mildly steeper for most part (5s30s +1.827, 5.164); equities
weaker but off lows (SPX -2.5 at 2591.5); US$ index bounced (DXY +.175 at
95.714) after word Turkey is ramping up military presence on Syrian border.
Speaking of borders, US Gov still shutdown amid border wall impasse between
congress and Pres Trump.
- Carry-over two-way flow after rates kicked off bid, real$ and official acct
buying, early prop and fast$ selling shorts to intermediates, bank buying 10s.
Fast$, prop acct selling/unwinding late.
- Heavy late session selling Eurodollar Red packs (-5k), Red Jun20 1yr bundles
(-15k), likely swap tied as 2Y spd expanded to session wides late. Earning picks
up next week. Tsy cash/ylds: 2Y 99-29 (2.547%), 5Y 100-14.5 (2.525%), 10Y 103-20
(2.701%), 30Y 106-18.5 (3.037%)
MarketsFixed Income News
MarketsFixed Income News

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