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Treasuries have retraced losses.....>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries have retraced losses early in the overnight Asian
session Monday, apparently fading initial exuberance on a possible U.S.-China
trade deal.
- Key weekend headlines included BBG/WSJ reports that U.S. & China are close to
signing a trade deal under which Washington would drop most tariffs. 
- The Jun 19 T-Note future fell to 121-155 low at Asian open but has steadily
risen to 121-225, up 2/32.
- Bull flattening in the Tsy curve so far: 2-Yr yield is unchanged at 2.5527%,
5-Yr is down 0.7bps at 2.5495%, 10-Yr is down 1.1bps at 2.7422%, and 30-Yr is
down 1.2bps at 3.1103%.
- Also noteworthy, Pres Trump once again criticised Fed Chair Powell's choice to
hike rates during his tenure, and reiterated his want for a "lower USD."
- Not much on the U.S. data/speaker docket today. ISM-NY Feb current conditions
and Jan Construction Spending out at 0945ET/1000ET respectively.

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