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Treasuries slid Tues briefly........>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries slid Tues briefly stabilizing at low on muted dip
buys then sales resumed; 10Y yld 2.463% vs. 2.389% session low yld. CONGRESS:
House tax bill vote 1:30pm-2pm ET zone, then Senate vote.
- Tsys began NY mixed/flatter, then selloff on firm US$/yen so FX-tied sales.
Tsys hurt as German Bunds slid (due to 2018 long-end dominated supply news) then
data-tied sales on 3.3% US November housing starts. US 3Q Current Acct Gap
-$100.6B. 
- Tsys saw 8:14am ET big steepener block: apparent sale f 11,950 in FVH 5Y
Futrs/vs 2,000 buy of WNH Ultra bond futrs. Tsy futures had 9:08am ET block sale
of 7,200 TYH 10Y futures, sell thru. Later block sale: 5,000 TYH 10Y futures,
123-24 at 11:35am ET. 
- Cash 2/10Y steeper 3.4bp on day. Tsy had good $50B 4-week T-bill sale: 3.29
bid/cvr. EGBS weak. EGBs hurt as ECB Hansson says needs to adjust communication
in 1h 2018. 
- EURODLR FUTRS: Spd buyer pre-10:55am ET: 50,000 EDZ8/EDH9; earlier sale 50,000
EDU8 Whites at 97.955.

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