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Tom di Galoma, mg dir. of govt trading......>

US TSYS
US TSYS: Tom di Galoma, mg dir. of govt trading and strategy at Seaport Global
Holdings, points out the Tsys market has not "seen flatter levels in the
5/30-year curve since 2006-2007." 
- He adds that "it appears as though steepening risk is being reduced ahead of
the 2yr, 5yr, and 7yr supply next week and Trump's announcement of a new Fed
Chair
(one that is hawkish). I would bet heavily that announcement will not favor
Janet Yellen."
- "That said, this spread is approaching a 3-Standard Deviation level so some
are brave enough to fade," he adds. "Longer-term, I think this spread goes to
50, 40, 30, etc." The 5/30-year curve is now at +84.50 bps vs. +96.8 bps at 3pm
ET Mon.

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