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Quiet end to the week, modest..........>

US TSY FLOWS
US TSY FLOWS: Quiet end to the week, modest risk-off tone into extended holiday
weekend, rates firmer, equities mildly weaker. Markets alert to any new COVID-19
virus updates.
- Tsy futures decent volume on the post-data chop/gap-range. Long end now
extending past overnight highs. Sources reported prop and fast$ buying
intermediates, real$ buying long end earlier followed by protracted two-way flow
w/better buyers on modest size into midday. Volumes tapered off late.
- Rates were trading sideways last couple hours but coming under mild pressure
after CNBC headline in Bbg: "WHITE HOUSE CONSIDERING TAX INCENTIVE TO BUY
STOCKS: CNBC". Equities were extending lows until the headline crossed,
bounced back to midday levels:
- DJIA  down 53.67 points (-0.18%) at 29417.84
- S&P E-Mini Future  down 2 points (-0.06%) at 3379
- Nasdaq up 9 points (0.1%) at 9742.555
- The 2-Yr yield is down 2bps at 1.4238%, 5-Yr is down 3.1bps at 1.4127%, 10-Yr
is down 3.1bps at 1.5866%, and 30-Yr is down 2.7bps at 2.0434%.

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