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Treasuries see profit-taking on........>

US TSY FLOWS
US TSY FLOWS: Treasuries see profit-taking on initial short-covering rally
following October jobs, and then dip buying most recently. "We spiked and then
we came back, while equity futures are basically unchanged," said one trader.
"But it's not a bad jobs report, though some wage details were clearly
disappointing, as was the participation rate."
- Some noted earlier FX-tied buying in Tsys as US dollar declined vs. yen after
below-expectations Oct. jobs report, and dollar hit intraday low of Y113.64; but
then dollar stabilized amid technical support between Y113.65/55, so now US
dollar is at Y113.9630, so Tsys saw FX-tied pressure on firmer dollar.

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