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The long end of the curve has.......>

US TSYS SUMMARY: The long end of the curve has borne the brunt of the return of
risk appetite early Monday, with relief as Mexico tariff threats averted.
- Sep 10-Yr futures (TY) down 14/32 at 126-25 (L: 126-23 / H: 126-31).
- 1Y30Y spread is at highest since first week of Dec 2018, at 64bps up from
30bps last week. 1Y10Y (15.7bps) well off inverted levels (-15bps last week). 
- 10-Yr underperforming: 2-Yr yield is up 4.2bps at 1.8915%, 5-Yr up 5.1bps at
1.904%, 10-Yr up 5.9bps at 2.1397%, and 30-Yr up 5bps at 2.6215%.
- Eurodollar futures 4-5 ticks lower across the strip, with most weakness seen
at the long end (Golds off 5). 
- Largest flows this morning have been in ED midcurves, including 0EM9 98.375
calls sold at 0.5 in 50k, 0EZ9 99.50/99.625 cs bot in 40k all up.
- Equity futures up 0.4% as news of Mexico tariffs averted over the weekend,
despite specifics on the deal being notably thin.
- After the excitement of Friday`s employment report, the data calendar is light
Monday: only US JOLTS data. May Retail Sales, CPI, PPI come later this week.
- And no Fed speakers until post-FOMC, with the blackout period underway.

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