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Short-end rates trading mildly.........>

US TSY FLOWS
US TSY FLOWS: Short-end rates trading mildly weaker, long-end firmer/off early
London highs at the start of the shortened Christmas holiday week. volume very
light w/ TYH<165k. 
- Light data ahead with Durables for November, building permits and new home
sales. Mkt keeping eye on US/China trade headlines: mild risk-on tone after
China said to cut import tariffs on pork, semiconductors.
- Overnight trade included 2-way in short end, real$ buying long end cash, light
2-way swap flow in long end.
- The 2-Yr yield is up 1.1bps at 1.6399%, 5-Yr is up 0.3bps at 1.7338%, 10-Yr is
down 0.2bps at 1.9153%, and 30-Yr is down 0.5bps at 2.337%.

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