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Tsy futures are trading lower amid.....>

US TSY FLOWS
US TSY FLOWS: Tsy futures are trading lower amid exceptionally light
post-Christmas holiday volume (TYH<40k). London out for Boxing day. Equities
little weaker (emini -1.25, 2684.75), gold firmer (XAU +3.30, 1278.54), oil
little softer (WTI -0.04, 58.38).
- Asia, Tsys opened mildly weaker across the curve, maintained narrow range on
light two-way flow, pre-auction short setting ahead $26B 2Y today. 
- London returns from extended holiday tomorrow.
- Corporate bond issuance takes a holiday until the New Year; however January
issuance could be busy, said syndicate officials.
- Swaps, spds running tighter on very light volume: $152.6k 2Y-3Y-4Y Fly, paying
the belly and  $76.3k DV01 2Y-4Y STEEPENER noted earlier.
- Eurodollar futures, steady to mildly weaker, Reds (EDH9-EDZ9) underperforming;
no LIBOR sets due to London holiday, resumes Wednesday. 3M LIBOR had gained
+0.0745 last week, settling at 1.6858% last Friday.

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