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The ride continues, rates giving.......>

US TSY FLOWS
US TSY FLOWS: The ride continues, rates giving back appr half of Thu's sharp
risk-off move, equities trading higher (SPX +31.25 at 2479.0) for now. Heavy
futures volume (TYH>590k at moment), 10YY up to 2.602 after tapping 2.5412%
early overnight.
- Coming up: Nonfarm payrolls for December (+188k whisper); unemployment rate
(3.7% est); average hourly earnings (0.3% est); Markit Services Index (final).
Fed speakers: Atl Fed Pres Bostic, macro-econ performance, Atl, GA, audience
Q&A; Fed Chair Powell, re mon/pol & CBs, Am Econ Assn, w/former chairs Yellen &
Bernanke, Atl, GA.; Clev Fed pres Mester on CNBC.
- Overnight flow includes prop selling 2s and 5s, real$ selling 10s.
- Swap spds bounce wider amid fast$ receiving short end real$ receivers 10s
- Tsy cash/ylds: 2Y 100-04.75 (2.423%), 5Y 100-30.5 (2.419%), 10Y 104-17.5
(2.597%), 30Y 108-25.5 (2.929%)

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