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Treasuries opened NY mildly lower...>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries opened NY mildly lower Tue, curves narrowly mixed.
Tsy 1pm ET $28B 7-yr note auction. Fed Chair nominee Powell has 9:45am ET Sen
Bank panel confirmatn hearing; Powell text released last nigt. 
- TOKYO: Tsys opened mildly weaker, early life insurance portfl dip buying,
modest 2way w/better selling into London open. 
- LONDON: Tsys range and EGBs outperform, despite European stocks improving as
German politics improve slowly. Flow included ongoing Dec/Mar rolling in futures
on good volume, selling in 5s, 2way in 10s w/bank portfolio buying. Steady
FX-tied sales as US$ gains vs. Yen, but US$ then ebbs to Y111.2568. 
- OVERNIGHT REPO: 5Y Tsys relax to still tight -1.50% Tues vs Mon -3%. bids in
2Y, 7Y, 10Y. 
- US SWAPS: Spds running mixed, steeper spd curve in-line w/Tsy curve. Receiving
in 5s and 10s, bk portf receiving intermeds vs wings, intermittent rate paying;
deal-tied flow in belly to long end. 
- US HIGH-GRADE CORPORATES: Deutsche Bank NY BM 15Y/NC10Y fixed/FRN, Emirates
Sembcorp Water & Power $500M 144a/RegS 18Y.

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