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Treasuries are higher after.........>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries are higher after unwinding early European losses
(overnight futures trading subdued due to Asian holidays), moving up as
investors digest risk, mainly from renewed US-China conflict.
- In particular, what Pres Trump on Sunday called "conclusive" "strong" report
on origins of Coronavirus in China, which he said would be released soon.
- Less-than-bullish Warren Buffett comments on weekend also weighing. S&P -0.8%.
- Jun 10-Yr futures (TY) up 9.5/32 at 139-05.5 (L: 139-00 / H: 139-07.5),
light-ish volumes. 2-Yr yield is down 0.6bps at 0.1841%, 5-Yr is down 1bps at
0.3402%, 10-Yr is down 1.1bps at 0.6005%, and 30-Yr is down 1.5bps at 1.2332%.
- Reminder that cash Tsy markets are closed in Asia-Pac hours due to Japanese
holidays Monday through Wednesday.
- March Factory Orders and Durable Goods (Final) numbers at 1000ET. Nonfarm
payrolls Friday loom large but jobless claims Thurs more timely.
- While there are no coupon auctions scheduled, Wednesday's refunding
announcement will be eyed. In the meantime, NY Fed buying less this week: $8bln
on average (from $10bln last week), incl $4.5bln today.

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