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Looks like a quiet end to the week,....>

US TSY FLOWS
US TSY FLOWS: Looks like a quiet end to the week, Tsys trade mildly higher for
the most part, upper half of overnight range with the long end seeing some mild
selling into strength last few minutes. Modest overall volume ahead weekend (TYU
<250k). Will headline watching after Q2 GDP and revisions at 0830ET.
- Overnight flow included misc acct buying 7s, two-way from real$ in the
intermediates, fast- and real$ buying in long end, fast$ unwound steepeners.
Two-way option related heading ahead August serial expiry in Tsy options. Little
deal-tied flow as issuance evaporates ahead weekend. Recent swap-tied selling 3s
while Block buy in Sep Ultra-bond helps buoy the long end.
- The 2-Yr yield is down 0.6bps at 1.8579%, 5-Yr is down 1bps at 1.8486%, 10-Yr
is down 1.2bps at 2.0686%, and 30-Yr is down 1.5bps at 2.5929%.

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