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Quiet wk opener for Tsys, marginally...>

US TSY FLOWS
US TSY FLOWS: Quiet wk opener for Tsys, marginally higher for most part, near
low end narrow range, yld curves recover from early bull flattening. Decent
early futures volume really petered out after London went home. 
- No data or speaker events Mon, just $45B 13wk and $39B 26wk bill auctions that
both tailed slightly; $38B 2Y note auction Tuesday, multiple Fed speakers on
day. US Data doesn't really pick up until Wed, focu on Fri's Q3 GDP (3.3% est).
- Implied vol rather stable on the inside range day in Tsys, correlation to
equities not a factor as rates pared gains even as equities traded negative
(traders cited Google for weighing on FANG index, Citi downgrade of HSBC weighed
on financial shares.
- Heavy front-end Eurodollar futures buying, EDZ8 +0.030 to 97.26 (>310k), EDH9
+0.025 to 97.09 (>215k); 3M FRA/OIS slipped tighter on the move -2.22, to 33.17.
Some Tsy volume associated w/option hedges vs. soon to expire Nov options.
- Tsy cash/ylds: 2Y 99-22 (2.908%), 5Y 99-06.5 (3.048%), 10Y 97-10 (3.194%), 30Y
92-25.5 (3.385%).

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