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The longer end of the UST curve.....>

US TSYS SUMMARY
US TSYS SUMMARY: The longer end of the UST curve has broadly rallied since
1400BST. The curve has bull flattened with 2s10s and 2s30s ~3bp narrower on the
day. 
- Current yield levels: 2-year 1.762%, 5-year 1.727%, 10-year 1.945%, 30-year
2.474%.
- TYU9 trades at 128-10+, near the middle of the day's range.     
- The Euro$ strip has flattened with greens/blues up 2.0-3.5 ticks.
- President Donald Trump has once again taken to twitter to lambast China and
Europe for 'big currency manipulation'. Any reprieve for the EU and China amid
the global trade war remains tenuous.
- The ADP employment, factory orders and ISM non-manufacturing data came in
below expectations.
- Next up on the data calendar will be NFP and average hourly earnings, which
will be published on Friday.

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