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Treasuries are edging lower early...>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries are edging lower early Friday as equity futures
point higher, with global risk appetite picking up. 
- The Mar 19 T-Note future is down 6/32 at 121-105, having traded in a range of
121-095 to 121-175.
- Curve is trading mixed, with 2-Yr yield is up 1.7bps at 2.5806%, 5-Yr is up
2.2bps at 2.5926%, 10-Yr is up 1.8bps at 2.768%, and 30-Yr up 1.6bps at 3.0904%.
- Equities set to hit fresh 2019 highs; Dow futures up 0.5% and S&P up 0.4%,
shrugging off news that Tesla will cut 7% of its workforce.
- Easing US/China trade tone seen, despite Treasury's denial of a WSJ story
Thursday late regarding rollback of tariffs.
- Flow early has included more TY upside liquidation; included 39k TYG9
122.00/122.50 call spreads at 2.0, and TYH9 sellers following.
- Fed's Williams (0905ET) & Harker (1100ET) due up, with U.S. Tsy Sec Mnuchin
set to meet with U.S. President Trump.
- Data highlights today include Ind Prod (0915ET) and UMich Sentiment (1000ET).

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