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Treasuries open NY weaker,..........>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries open NY weaker, steeper after overnight declines
followed Mon mild gain. Tsys pressured by corporate rate-locks and pre-auction
hedging into today's 1pm ET US$26B 2Y note auction. Action may be limited: all
await Pres Trump choice of Fed Chair, which news he said Mon cld be "very, very
soon." (He stated he'll name pick before his Asian trip begins Nov.3) 
- TOKYO: Tsys steady to mildly bid, holding range into London cross, sources
reported real$ selling in long end. 
- LONDON: Treasuries declined more as EGBS weakened on various stronger European
PMIs. Sources cited bank buying 3s, fast$ 10Y two-way, real$ buying in 5s and
long end, sellers off-the-run 5s. 
- Tsys selling picked up speed before 8am ET, cash 10-year note hitting 2.410%
at 8:06 a.m. ET; but it is now 2.408%. The 2.40% is key technical area that
should draw buyers, but a major break above that shd bring sellers. US
swaps:mixed spds, light flow, deal-tied hedges. 
- US CORPS/SOVEREIGN BONDS: Tues CPPIB 10Y, ADB 10Y, KEXIM 3Y/5Y/FRN, Boral Fin
5/10.5Y. 

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