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Risk-on took a break today,....>

US TSY FUTURES CLOSE
US TSY FUTURES CLOSE: Risk-on took a break today, Tsy futures trading higher by
midday, well off first-half highs on decent volume (TYZ>1.1m). Long end bounce
from mid-wk rout, 30y yld 2.829%, 10y yld 2.323%. Heavy volume by the open
(TYZ>465k) as stocks receded from record highs, profit taking more than a
systemic shift in sentiment - exogenous factors remain: N. Korea nuclear saber
rattling, Catalan/Spain rift, tax reform uncertainty. Mkts await det's of Pres
Trump meet w/Fed chair Yellen; chances of reappointment appr 24%, Powell still
ahead at 44% (PredictIt). Current futures levels:
* Dec Ultra bonds up 21/32 at 166-01 (165-06L/166-25H)
* Dec 30-yr Bond futures up 16/32 at 153-17 (152-29L/154-02H)
* Dec 10-yr futures up 3.5/32 at 125-08 (125-02.5L/125-16H)
* Dec 5-yr futures up 1.5/32 at 117-08.25 (117-05.5L/117-13.75H)
* Dec 2-yr futures up 1/32 at 107-22.75 (107-21.5L/107-24.25H)

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