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EURJPY TECHS

Bull Trend Intact

USDJPY TECHS

Eighth Consecutive Session of Higher Highs

EURGBP TECHS

Remains Below The Feb 26 High

GBPUSD TECHS

Consolidating And Remains Vulnerable

EQUITIES

Stocks Spiral as S&P Chews Through Support

Quiet end to 2018 for rates and........>

US TSY FLOWS
US TSY FLOWS: Quiet end to 2018 for rates and foreign currencies despite the
early chop. Markets close early for New Years eve. Tsy bill auctions: $39B 13W
(912796RD3), $36B 26W bills (912796RW1) and $26B 52W bills (912796RT8) passed
without incident; no react to Dallas Fed employ index 11.0/production index 7.3.
- Early equity bid on positive sounding headlines on US/China trade (WSJ article
over weekend -- "fleshing out" deal) and Italy budget acceptance.
- FI Volumes very light (Japan out most of week for various year-end holidays),
TYH just over 460k by the bell; long end futures outpaced, yld curves reverse
mixed. US$ vs. Yen slips to new 6M low, 109.66 last seen mid-June.
- Light, two-way flow, program selling in short end post LIBOR set, year-end
buying intermediates.
- Tsy cash/ylds: 2Y 100-00 (2.496%), 5Y 100-16.25 (2.513%), 10Y 103-24 (2.688%),
30Y 107-07 (3.006%)