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The US Treasury market did very.....>

US TSYS SUMMARY
US TSYS SUMMARY: The US Treasury market did very little in Asian trading but
dipped immediately as the Bund contract opened in early Europe. 
- Bunds slipped as a Eurobuxl block trade went through and technical levels were
broken on the Bund. US Treasury markets were merely onlookers. 
- There is no data of note today in the US and the only market moving numbers
come from the CPI release on Friday.
- In terms of flows, there was a USD94.1k DV01 3Y-5Y swap flattener at 8.375bp,
a somewhat surprising trade given that the spread is at its lowest since 2007.
- There is some attention in the market regarding the Goldman Sachs Financial
Conditions Index, which is showing that the rate hikes are being trumped by the
weak dollar and higher equities to mean that financial conditions are loosest
since 2000.
- This week sees the US Treasury sell 3Y, 10Y and 30Y bonds on Tuesday to
Thursday.
- Currently, the US 2Y yield is -0.5bp at 1.956% and 10Y -0.5bp at 2.47%.

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