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NatWest analysts on Tsys...........>

US TSYS/RESEARCH
US TSYS/RESEARCH: NatWest analysts on Tsys direction said that "we are still
bullish, expecting the next tactical move to be lower in yields, not higher."
- They believe on the curve that "we are in favor of 2s10s flatteners here,
which has been our top thematic trade of 2017."
- They also see "10s as cheap on the curve and established longs 10s on 5s10s30s
on Oct. 13th."

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