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Treasuries have stuck to a fairly...>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries have stuck to a fairly tight range amid light global
trading early Friday, as we await developments from the G-20 in Osaka.
- Sep 10-Yr futures (TY) down 3.5/32 at 127-26.5, though trading in a tight
range (L: 127-23 / H: 127-29.5). Very little movement in the cash curve so far,
changes on the day within 1.0bps, w/ long end underperforming.
- Eurodollars off 1.0-1.5 ticks across most of the strip.
- All eyes of course are on Osaka, with Pres Trump having met Japan's Abe,
Germany's Merkel, Russia's Putin on Friday. No major market reac from these.
- Bilateral meetings are over for the day, beginning at 1915ET Trump meets Saudi
Arabia's MBS, then the headliner just after midnight ET: China's Xi.
- Trump comments early sent mixed signals on trade truce prospects (said meeting
w Xi would be 'productive' but would not rule out new tariffs).
- Solid data flow: May`s Personal Income and PCE Core Prices will be closely
watched, while later sees MNI Chicago Business Barometer and UMich Sentiment.
- 1520ET sees the week's last Fedspeak, with SF Pres Daly appearing in Aspen.

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