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Treasuries have trended downward....>

US TSYS SUMMARY: Treasuries have trended downward so far Friday mirroring
equities, but a steady flow of data awaits later in the session.
- Dec 10-Yr futures (TY) down 3/32 at 131-17 (L: 131-13 / H: 131-26).
- Curve slightly steeper: 2-Yr yield is up 1.4bps at 1.534%, 5-Yr is up 2.3bps
at 1.4192%, 10-Yr is up 2.7bps at 1.5214%, and 30-Yr is up 2.3bps at 1.9873%.
- Tsy weakness has gone alongside steady rise in equities, still gaining from
renewed US-China trade optimism (or at least, dissipation of extreme pessimism):
S&P futures just moved to highest levels since August 2nd.
- Not much to report in terms of newsflow; MNI interview with ECB's
Lautenschlager who expressed reservations about restarting QE helped contribute
to weaker global core FI tone. 
- More worth watching is month-end rotation, some banks expecting better buying
of equities; on the margin Tsys could be better bid going into weekend.
- Data today includes MNI Chicago PMI report, personal income, spending and PCE

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