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Treasuries gained Monday amid buying...>

US TSY/RECAP
US TSY/RECAP: Treasuries gained Monday amid buying as stocks ebbed as Bloomberg
said House may have corporate tax cuts phased in over 5 yrs. Long end aided late
as Tsy Sec Mnuchin said Ultra long bonds did not draw much demand. 
- FX-tied buying in Tsys amid weaker US$/yen. Tsys had real$ and US/foreign
buyers in morning; 5-yr notes seen alluring when hit 2.0% yield mark. US Govt.
bonds had technical buyers as US 10-year note moved away from 2.40%. 
- Tsys aided as German Bunds rose on lower 1.5% pan-German flash HICP and big
Bund futures block buys: 5,689 RXZ6 at 162.51 at 13:14 GMT; 5,074 RXZ7 at 162.61
at 13:14 GMT too. Tsy futures block buy at 8:45am ET of 5,000 TYZ 10Y at 124-28,
buy-thru; Tsy futures block sale at 8:24am ET: 8,000 FVZ 5Y at 117-04.25
sell-thru; also block buy of 4,565 TYZ 124-28 buy thru at 6:31am ET. 
- Eurodollar futures had 6:49am ET block buy of 10,000 EDH8/EDZ8 at 0.280, also
bought on screen; 10:39am ET Eurodollar futures sale of 5,000 EDM8/EDH9 strip. 
- Light month-end bid; decent options-tied buys. Heavy high-grade US corporate
bond issuance Mon. 
- T-Notes last at 125-02 in Asia, 10-Year yield last at 2.365.

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