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Rates firmer, at/near early............>

US TSY FLOWS
US TSY FLOWS: Rates firmer, at/near early overnight highs, decent volume
(TYU>470k), 10YY -.0087bp at 2.0364%, curves mildly flatter. Focus on G20 and
US/China trade negotiations over data (no Fed speak today).
- Overnight flow includes Asia CB buying short end, swap-tied buying shorts and
intermediates, bank portfolio selling long end earlier. Prop and fast$ two-way
in intermediates, real$ bought 10s, light deal and pre-auction sales.
- Chatter over unlikely possibility that next week's employment release could be
pushed out a week if Pres Trump decrees extended federal holiday/4-day weekend
for Independence day holiday, see 0646ET bullet.
- Final leg US TSY supply today w/$32B 7Y note auction (9128287B0) auction
(previous $32B 7Y awarded 2.144%).
- The 2-Yr yield is down 1bps at 1.7589%, 5-Yr is down 0.8bps at 1.7877%, 10-Yr
is down 1bps at 2.0364%, and 30-Yr is down 1.1bps at 2.5587%.

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