Nomura analysts also added that.........>

US TSYS/10Y: Nomura analysts also added that "after an average 3yr auction, we

are cautious into the 10yr supply. The power flattening of the yield curve is

richening long end both outright and on the curve. The Fed's balance sheet

normalization process may also continue to put some pressure on the 10yr point."

- "That said, last week's Treasury announcement to favor front end issuance

instead of long end may continue to benefit the momentum of long end richening,"

they said. "The lack of macro events and a persistent low vol environment is

also encouraging more duration taking. Net, we think demand for long end

duration could be balanced."