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Relative quiet overnight w/Tsys........>

US TSY FLOWS
US TSY FLOWS: Relative quiet overnight w/Tsys higher (30YY<3.0%), futures near
top end narrow overnight range, Dec18 takes lead quarterly position. Underlying
focus on remains on trade, mkt waiting on word of NAFTA deal w/Canada,
additional details on Pres Trump threat of $200B China tariffs as early as next
week. Data on tap: MNI Chicago PMI (65.5 prior, 63.8 est), Milwaukee Mfg and
Michigan sentiment index numbers.
- US$ mixed vs. majors, US$ index rebounding/extend O/N highs last few minutes,
DXY +.059, 94.782 (94.547L/94.789H), $/Eur off -0.0015 1.1655, $/Yen lower -.19
110.79; carry-over weakness in equities (emini -5.5, 2896.5); Gold firm (XAU
+4.0, 1203.96); West Texas crude just below 70.0 (WTI -0.49, 69.76).
- Asia, modest risk-off bid w/Tsys trading narrow range through London
crossover, two-way fast$ and FX-tied flow.
- London, carry-over risk-off and month end support, Tsys extended top end of
range around midmorning, fast$ and prop buying 7s-10s, 2s10s flatteners.
- Tsy cash/ylds: 2Y 99-31 (2.637%), 5Y 100-01.75 (2.736%), 10Y 100-08.5
(2.842%), 30Y 100-04.5 (2.992%).

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