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Relative quiet end to a hectic week....>

US TSY FLOWS
US TSY FLOWS: Relative quiet end to a hectic week. Rates trade weaker as new
month gets underway, Tsys near late overnight lows on decent/heavy futures
volume (TYM>480k). US Equities firmer on back of global bounce (SPX +16.25
2801.0); US$ index mildly higher (DXY +.067, 96.224).
- Overnight flow includes carry-over month end selling, two-way from
prop/trading accts in 5s, 10s, spec selling in 10s, 2s10s steepeners, swap-tied
buying in 2s and two-way in 5s. Little deal-tied flows to speak of, position
squaring ahead weekend.
- On tap for Friday: NA-made light vehicle sales throughout the session; January
personal income (0.3% est); Dec current dollar PCE (-0.1%); February Markit Mfg
Index; March Michigan sentiment index (f) (95.8 est); February ISM Manufacturing
Index (56.6, 55.5).
- Tsy cash/ylds: 2Y 99-29.75 (2.534%), 5Y 99-07.25 (2.539%), 10Y 99-00 (2.739%),
30Y 97-29.5 (3.105%).

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