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Rates trading firmer, 10YY fell to.....>

US TSY FLOWS
US TSY FLOWS: Rates trading firmer, 10YY fell to Oct 2017 levels, currently
-.0562 at 2.2640, general risk-off tone amid US/China trade angst continues.
- Tsy yld curves bull flattening, 3M10Y extended inversion (L:-9.185/H:-4.27).
CBoE vol index (VIX) firmer/on highs (+1.34 at 17.19; 16.32L/17.05H); equities
near lows after trading stronger in first half (ESM9 -19.0).
- Well bid, Block buy throughs in 5s and 30s helped get ball rolling, as did
evaporating support in equities as insurance portfolio rebalancing got their
fill around late morning. Massive roll June/Sep roll volume.
- On tap for Wednesday: Limited data with Redbook retail sales m/m; Richmond Fed
Mfg and Dallas Fed services indexes.
- The 2-Yr yield is down 3.8bps at 2.1265%, 5-Yr is down 5bps at 2.0703%, 10-Yr
is down 5.6bps at 2.264%, and 30-Yr is down 4.7bps at 2.7045%.

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