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*** Rates holding near intra-day....>

US TSYS SUMMARY: *** Rates holding near intra-day highs by midday,
sedate/orderly trade ahead of the Dec FOMC minutes release (1400ET) --
participants not expecting much in way event risk, followed by Thu's ADP (+192k
whisper) and Fri' NFP jobs data (+190k est).
- Yld curves recovered portion of Tue's steepening: 2s10s -1.952, 52.063
(54.559H/51.882L); 2s30s -2.179, 86.866 (89.824H/86.399L); 5s30s -0.746, 55.642
56.931H/54.707L). Equities made new all-time highs (emini +16.5, 2709.5), Gold
weaker (XAU -1.57, 1315.93), West Texas crude new 2.5yr highs (WTI +1.21,
61.58). Heavy Mar'18 Eurodollar volume. 
* Tsys followed core EGBs higher initially. Midmorning action rather muted as
Tsys lost support post data, sources reported fast$ sellers in 7s and 10s
- Specs, real$ modest buyers on lows post data, futures still off session highs;
intermediates levering to new intraday highs w/long end lagging move.
- Swap spds running mostly wider, off early narrows amid some deal-tied hedging
in 5s-10s, light steepener action in 5s vs. long end.

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