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Main developments overnight.........>

US TSYS SUMMARY
US TSYS SUMMARY: Main developments overnight surrounded dissipating hopes for a
near-term trade deal with China, after Senate`s passage of Hong Kong Act
Thursday, and Global Times editor tweeting doubts on trade deal `soon`.
- Stock futures on intraday lows (S&P has reversed all this week's gains), Tsy
curve flattening: The 2-Yr yield is down 2bps at 1.5757%, 5-Yr is down 3.5bps at
1.5857%, 10-Yr is down 4.1bps at 1.7414%, and 30-Yr is down 4.3bps at 2.2083%.
- Dec 10-Yr futures (TY) up 10.5/32 at 129-24.5 (L: 129-14 / H: 129-28.5)
- Fed's Brainard to appear on CNBC at 1015ET (per CNBC source).
- FOMC minutes out at 1400ET: expected to reinforce messaging that the Fed is
satisfied the three 25bps cuts have delivered sufficient insurance for now,
eyeing 'material reassessment' to the outlook as only impetus to change tack.
- Could be some insight about repo ops/balance sheet/framework review, but
overall expectations are that minutes likely to be fairly stale.
- Speaking of stale, another dearth of data today.

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