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Treasuries resumed their rise in....>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries resumed their rise in Asia-Pac and Europe trading,
with negative COVID news mounting globally, and news of China state pension
funds selling equities weighing on risk appetite.
- 5-Yr yields quietly drifted to all-time lows (0.2563%) overnight; 10-Yrs at
lowest since April. 30s 'merely' back to mid-May yields but showing good
follow-through from Thursday's impressive auction.
- The 2-Yr yield is down 0.8bps at 0.1429%, 5-Yr is down 1.7bps at 0.2658%,
10-Yr is down 3.4bps at 0.5792%, and 30-Yr is down 5.9bps at 1.2544%.
- Sep 10-Yr futures (TY) up 3.5/32 at 139-19.5 (L: 139-10 / H: 139-22.5). 267k
TYU0 traded by 0635ET pretty decent by recent standards.
- Only data is Jun PPI (0830ET), could be a little more interest than usual due
to anecdotal reports of price pressures in the supply chain, but overall
unlikely to be particularly impactful.
- No Fed speakers, no Tsy supply and no NYFed operational purchases.

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