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Treasuries are grinding lower.......>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries are grinding lower Wednesday, with PPI and durable
goods data out later.
- The Jun 19 T-Note future is down 4/32 at 122-24, trading just off the intraday
low (122-235).
- Curve is a little steeper: the 2-Yr yield is up 1.4bps at 2.4648%, 5-Yr is up
2bps at 2.4287%, 10-Yr is up 2bps at 2.6213%, and 30-Yr is up 2.2bps at 3.0127%.
- Eurodollar futures a little weaker in Reds through Blues, off 2.0-2.5 ticks.
- Fairly limited session in terms of newsflow, though there had been a slight
risk-off tone overnight, following through from the UK Brexit vote Tues evening.
- US February PPI and January durable goods orders out later today (both
0830ET/1230GMT), as well as 30-Year Tsy supply.

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