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

US TSYS SUMMARY: Treasuries open NY weaker, flatter in pre-jobs-day Thu trade
that may see NY/East Coast traders leave early amid snowstorm, esp. given mkt in
waiting mode for Fri 8:30am ET Dec jobs. Tsys drifted lower amid as Dec ADP
private payrolls report came out up 250K, 10Y yield at 2.471%.
- TOKYO: Financial mkts resumed trading after holidays, leaving Jpn Nikkei stk
index ending u+3.3%, catchup to firmer global stock markets. Tsys drew bank and
pension fund buying in 2Y-5Ys and 30Ys, Asian real$ bought 10Y notes. 
- LONDON: Tsys followed core EGBS lower amid French, Spanish supply pressures.
Bank portfolios bought 10Ys, while props earlier bought steepeners, then ongoing
sales in intermediates. Modest buying in long end. 
- US SWAPS: Mildly tighter amid Wed swappable issuance return; 4Y rate payers,
5Y bank receivers, 5/6/9Y and 5/6/10Y, 5/6/30Y fly paying belly; 4/5Y steeper.
US EURODLR FUTURES: Brisk sales in EDH8 (49K sold at 98.19). 
- OVERNIGHT REPO: Tsy 3Y, 10Y notes tight into Thu 11am ET announcement on next
wk 3/10/30Y auctions. - STOCKS: Most European stock indexes up 1%+; US stock
index futures also higher.

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