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Treasuries receded after firmer than...>

US TSY FLOWS
US TSY FLOWS: Treasuries receded after firmer than expected 1.4% September
factory orders. The trading had slowed by midmorning after the initial
short-covering rally on less-than-expected October jobs report, 0.00% average
hourly earnings gain. Tsys then saw profit-taking at the session high prices,
then later dip buying. 
- Tsys also saw morning FX-tied buying when the US dollar faded vs. the Japanese
yen, and then FX-tied selling when it firmed up. The tight correlation was
expected to continue, said traders at primary dealers. 
- Meanwhile Tsy curves saw more 2/10Y, 2/30Y, 2/5Y curve flattening and 5/30Y
curve has now flipped to flattening. Tsys outperform TIPS mildly. 
- US stock indexes traded narrowly mixed, as did European stocks indexes, though
Spain's IBEX-35 traded off 1.19%.

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