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Tsy futures trading higher, near.......>

US TSY FLOWS
US TSY FLOWS: Tsy futures trading higher, near late overnight highs, curve
flatter w/long end outperforming. Tsys followed EGBs/Bund higher earlier, TYZ
surge full point after German election results. Safe haven support on Mid-East
tension (Iraqi Kurds independence referendum). Equities softer(emini -1.25,
2498.25), gold weaker (-3.01, 1294.39), oil firmer (WTI +0.48, 51.14).
- Asia, Tsys opened steady to mildly higher, fast$ sellers into strength, early
safe haven unwinds after last wk's rally, Asian end-user selling in 5s. Japan PM
Abe to dissolve lower house, change tax policy.
- London, Tsys surged w/Bunds as Angela Merkel gained a fourth term as prime
minister, far-right AFD party gaining enough votes to get seats in the
Bundestag. Flow included fast- and real$ buying in 5s and 10s, domestic bank and
real$ buying 30s, mild end user selling into rally. Corp, Tsy supply-tied sales.
- Swaps, spds running mildly tighter across the curve, flow included bank
portfolio receiving in 10s.
- Eurodollar, higher across the strip, Blues-Golds (Dec'20-Sep'22) leading
(+0.030-0.035), 3M LIBOR +0.0003 to 1.3297% (+0.0055 last wk).

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