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Tsy futures trading firmer again.......>

US TSY FLOWS
US TSY FLOWS: Tsy futures trading firmer again after some post-ECB annc selling.
Eurodollar futures also reversed earlier gains post ECB but rebound to mostly
higher after the bell, Reds underperforming. Equities firmer (ESM9 +7.0); VIX
weaker (-0.14, 15.95). Decent volume (TYU>440k) amid otherwise sedate trade,
many near sidelines ahead of Fri's May employ data (+180-185k).
- Overnight flow included foreign acct and domestic real$ buying in short end,
fast$ buying 5s and selling 10s, prop and fast$ selling across the curve post
ECB followed by leveraged and real$ buying in 10s and 30s more recently.
- On tap for Thu: May challenger layoff plans; weekly jobless claims; Apr trade
balance; non-farm productivity and unit labor costs; Q1 Service Revenue; May
Treasury STRIPS and Fed weekly securities holdings. 
- The 2-Yr yield is down 2.5bps at 1.8324%, 5-Yr is down 3bps at 1.8466%, 10-Yr
is down 3.5bps at 2.1001%, and 30-Yr is down 4.8bps at 2.5982%.

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