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Treasuries are seeing some good.........>

US TSYS/30Y
US TSYS/30Y: Treasuries are seeing some good resilience today, despite early
strong 0.4% Core PPI data and lower initial/continuing weekly jobless claims. 
- Tsys saw some pre-auction shorts/sales into the 1pm ET $12B 30-year bond
reopening auction, which follows a very solid 10Y roepening Wednesday.
- Jefferies' Tom Simons said 30Y reopening will raise $12B net new cash. 
- Cantor Fitz's Justin Lederer believes "there will be decent demand for the
issue both outright and on the curve. We believe the risks of a tail are that
some may shy away awaiting tomorrow's CPI report." 
- BMO's Aaron Kohli: "While we're not overly optimistic on the prospects of the
auction itself without a better concession, we're more comfortable with
longer-run strength in the 30-year. We'd buy any sizable pop in yields and are
looking for any significant correction to get into 5s/30s flatteners once
again."

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