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Steady ahead of Summit

US TSYS SUMMARY

US Treasuries traded within their overnight ranges during our European morning session.

  • Curve has remained flat, and the contracts are trading in green territory, with Equities off their best levels.
  • Investors have generally stayed on the sideline as the globe awaits on the EU Summit/Brexit conclusion.
  • Looking ahead, US Retail sales, industrial production & the Uni of Michigan confidence. Fed William and Bullard.
  • Earning season continues with State Street reporting today.
  • But most of the attention is on EU Summit conclusion, and potential progress on US Stimulus, after Mnuchin told Pelosi that US President Trump would be willing to put forward a deal they would have agreed upon.
  • TY1 futures are up 0-2 today at 139-06
  • 2y yields down -0.4bp today at 0.136%
  • 5y yields down -0.9bp today at 0.305%
  • 10y yields down -1.0bp today at 0.723%-
  • 30y yields down -1.4bp today at 1.500%
  • 2s10s down -0.6bp today at 58.7bp
  • 10s30s down -0.4bp today at 77.7bp

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