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Treasuries prices open NY Thurs.....>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries prices open NY Thurs higher, flatter after overnight
range trade followed Wed FOMC unchanged policy & anncmt on Oct start of Fed
balance sheet rundown. 
- TOKYO: Tsys saw quiet start, range amid buying by Japanese accts in 5Ys, Jpn
bks in 10Ys, Jpn insurance portfolios in 30Ys. Jpn asset mgrs and Asian central
banks bought 2Y, 3Y, 5Y, 7Y notes. Some brief selling arose as US$ gained, but
fast money bought dip. S&P Ratings cut China sovereign rating one step to A+,
stable outlook. 
- LONDON: Tsys drift lower within range as EGBs pressured by heavy Spain, France
govt debt issuance. Bank portfl buying arose in US 2Ys, while TIPS saw mixed
flows, and two-way trade in nominal 5Y, 10Ys. Bank sales in 5Ys. 
- US SWAPS: Mildly wider for most part, spread curve steeper, some buying of
corporate bonds on asset swap spread basis. 
- US EURODLRS: steady short end, mildly lower out strip. 
- OVERNIGHT REPO: Tsy 2Y, 5Y, 7Y, 10Y notes all tight; T-bills cool off. - US
HIGH-GRADE CORPORATE BONDS: Newcastle Coal eyed 10Y benchmark note.

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