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Treasuries ended off day's lows Mon....>

US TSY/RECAP
US TSY/RECAP: Treasuries ended off day's lows Mon after late month-end buying in
Tsy futures: buying in TYU 10Y futures from 125-28.5 to 29.5 and also FVU 5Y
futures and UXU Ultra bond futures blocks. Tsys saw earlier muted 2way flow,
mild curve steepening, 
- Treasuries began NY lower after overnight 2way flow including Asian safe-haven
bid amid another N.Korea ICBM missile firing, then decline with German Bunds on
higher German retail sales, and a surprise Eurozone core inflation rise. Tsy had
a 10Y Ultra futures block done via screens at 5:35am ET: 2,441 UXYU7 at 135.01. 
- Tsys had mild early corporate rate-locks hedges on heavy US$ high-grade bonds
issuance. Bonds reacted little to lower 58.9 July MNI Chicago Business Barometer
tho light buying by fast$ in 10s, real$ in 30s pulled futures off low. Tsys dip
buying on EGBs month-end buying: Bloomberg Barclays Pan-Euro Agg Tsys index had
large 0.12 yrs advance estimated extension, 0.06yr US Tsys index. 
- Mild Tsy steepeners. Tsy 5Y tight in O/N RP.
- T-Notes open Asia at 125.27, 10-Year yield last 2.294%.
MarketsFixed Income Bullets
MarketsFixed Income Bullets

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