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Rates trade weaker, TYZ off recent.....>

US TSY FLOWS
US TSY FLOWS: Rates trade weaker, TYZ off recent lows to near middle narrow
range, moderate overnight trade volume (Hong Kong out for holiday). Equities
paring some of Tue's strong gains, US$ firmer.
- Accts still plying sidelines ahead Sep FOMC minutes this afternoon. Also still
waiting on Tsy dept release of FX policy report on major trade partners w/US.
- Overnight flow mixed w/better selling in 5s and 10s on net earlier, real$
buyers of 5s and sellers of 10s and 30s. Expecting deal-tied hedging to pick up
as companies exit earnings black-out. Front Dec18 Eurodollar seller post 3M
LIBOR set +0.0051 to 2.4496% (+0.0132/wk).
- Tsy cash/ylds: 2Y 99-24.75 (2.866%), 5Y 99-10.5 (3.020%), 10Y 97-19 (3.160%),
30Y 93-25 (3.330%).

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