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Treasuries have followed Bunds......>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries have followed Bunds and gilts in selling off through
the European morning session after a steady Asian session. There have been no
real headline drivers with the upcoming year-end and thin liquidity being cited
as the drivers of the moves. The whole UST curve has bear steepened.
- Given the time of year, the economic data calendar for today's session is
relatively heavy. Trade and inventory data are due for release at 8:30ET ahead
of the MNI Chicago PMI at 9:45ET and pending home sales at 10:00ET. The MNI
Chicago PMI has missed expectations for the past three months and the ISM has
followed this miss up with disappointing prints for the past five months in a
row.
- TY1 futures are down -0-11 today at 128-010
- 2y yields up 1.7bp today at 1.601%
- 5y yields up 3.3bp today at 1.712%
- 10y yields up 4.0bp today at 1.917%
- 30y yields up 4.5bp today at 2.361%
- 2s10s up 2.3bp today at 31.6bp, 10s30s up 0.5bp today at 44.4bp

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