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Quiet start to wk, Tsys held weaker....>

US TSY FLOWS
US TSY FLOWS: Quiet start to wk, Tsys held weaker levels all day, off session
lows on decent overall volume (TYZ>1.16M). 
- Limited react, rates recovered some ground after Sept retail sales +0.1% vs
+0.6% expected by analysts, but receded by midmorning again as equities
rebounded/extended top end of range. 
- Deal-tied rate-locks weighed, >7B Conagra 7-tranche issuance, expectations for
further issuance from financial stocks as tey exit earnings blackout. 
- Carry-over two-way flow from fast$ accts in short end, prop selling
intermediates, modest two-way curve flow, light option volume.
- US Treasury's semi-annual FX report will be keenly anticipated by markets to
see if China is named a currency manipulator. However, Treasury staffers
reportedly advised soon after Mnuchin's comments that they did NOT find China to
be manipulating. Late chatter Saudi Arabia to admit to botched interrogation
that lead to journalist Khashoggi death
- Tsy cash/ylds: 2Y 99-25.5 (2.853%), 5Y 99-11.75 (3.012%), 10Y 97-19.5
(3.158%), 30Y 93-20.5 (3.337%).

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