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Some eyed when the $12.5B 3-part........>

US PIPELINE
US PIPELINE: Some eyed when the $12.5B 3-part Saudi debt deal might be pricing;
some had thought rate-locks tied to that, had pressured Tsys overnight as was a
long-end-weighted 5/10/30Y debt deal. So they mulled, could there be a rate-lock
unwind, when the Saudi debt deal prices? We'll see. Also debate still on about
what exactly caused the overnight selloff in Tsys, seems a combo of rate-locks,
Fed Chair Yellen and tax reform jitters. Syndicate people scoffed at idea that
Saudi rate locks cld have pushed Tsys lower by that much. But some Tsys people
however pondered, could Fed Chr Yellen hint Wed on Dec. rate hike have caused
more concern overseas in Asia than it did during the US hours? 
- Also will be 2:15pm ET expected details on the tax reform framework, and then
3:15PM-ET-ish Pres. Trump speaking in Indiana about tax reform and a lower 20%
corporate tax rate.

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