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Risk-off tied to US/China trade........>

US TSY FLOWS
US TSY FLOWS: Risk-off tied to US/China trade continues to drive support, Tsy
futures moving back toward early London session highs on heavier volume
(TYZ>570k), yld curves flattening w/3M10Y appr 13bps off last Fri's highs, Gold
tops 1470.0, equities weaker (ESZ9 -6.0).
- Myriad Fed speakers through session including chairman Powell 2.0 to House
Budget Committee.
- Two-way overnight flow includes fast$ buying short end, real$ buying cash 5s
and 10s, swap-tied buying in 10s, deal-tied unwinds, 2s and 5s vs. 10s curve
flatteners.
- The 2-Yr yield is down 2.4bps at 1.6117%, 5-Yr is down 4.3bps at 1.6482%,
10-Yr is down 5bps at 1.8359%, and 30-Yr is down 5.2bps at 2.3126%.

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