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Treasuries open NY firmer after.....>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries open NY firmer after overnight flight-to-quality
buying/risk-off mood, weaker stocks. Cash 2/10Y at flattest in a decade, around
+66.30 bps, flatter by 2.5 bps on day. 
- TOKYO: Treasuries bid on weaker global equities, weaker US$ (vs. Yen). Nikkei
stock index -1.6%. Sources reported strong buying from pension funds and
insurance portfolio. 
- LONDON: Treasuries gained with core EGBs but German 10Y auction weak. Fast$,
prop buying in Tsy 5s and 10s; insur. portfolio, real$ bought 10s, 30s; bank
buys in 30s. Macro buying in front end. Tax reform uncertainty, debt ceiling
anxiety (temporary fix expires Dec.8) fuel bid. 
- OVERNIGHT REPO: No particular Tsy specials; 3/10/30Y auctions settlement Wed. 
- US HIGH-GRADE CORPORATE BOND ISSUANCE: Moderate issuance: Citadel, Fedrl State
N.Rhine Westphalia US$ 18M FRN syndicated debt deal (3ml+5s). 
- US SWAPS: Wings steady/mildly tighter; front end flatteners earlier; 5Y, 8Y,
9Y had NY morning receiving. Overnight had long end receiving. US EURODLR
FUTURES: Higher: heavy Whites-Reds buys; EDH8 led with 190K.

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