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The Treasuries rally continues......>

US TSYS SUMMARY
US TSYS SUMMARY: The Treasuries rally continues unabated, with the 10-Yr yield
hitting a new post-2016 low of 1.6569% earlier Wednesday.
- Key drivers overnight include China yuan fix close to 7.00 (6.9996 to USD),
unexpectedly dovish central bank moves (New Zealand, India, Thailand), and weak
German industrial production data boosting narrative of global recession.
- But global stocks up (S&P Emini +0.4%) suggesting risk aversion not driving.
- The 2-Yr yield is down 1.6bps at 1.5667%, 5-Yr is down 2.9bps at 1.4837%,
10-Yr is down 3.7bps at 1.6651%, and 30-Yr is down 3.8bps at 2.1952%.
- Sep 10-Yr futures (TY) up 17.5/32 at 130-10 (L: 129-30 / H: 130-13) 
- Eurodollars up 4.5-5.5 in Whites, up to 8 ticks in Golds.
- Real dearth of data to key in on for the rest of the day.
- Focus likely to be on Chicago Fed's Evans (0930ET), following on from
Tuesday's commentary from fellow dove Bullard which pushed back against notion
of a full-blown Fed cutting cycle.
- Also worth watching is US Tsy $27B 10Y note auction at 1300ET.

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