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Tsy futures trading mildly..........>

US TSYS SUMMARY
US TSYS SUMMARY: Tsy futures trading mildly higher, see-sawing in top half of
range (TYU volume appr 265k) w/China mkts closed for holiday. Mkts getting first
taste of summer doldrums (opposed to dog days of summer that don't start until
early July and runs through mid August). Data largely limited to housing related
items, BoE policy annc Thu.
- US$ lower (DXY -.044, 94.744; US$/Yen -0.19, 110.46); equities weaker (emini
-17.0, 2767.5); gold near steady after Fri's melt-down (XAU -0.16, 1279.39);
West Texas crude mildly lower/well off lows (WTI -0.26, 64.8 vs. 63.59L).
- Asia, muted start w/China (as well as Hong Kong, Indonesia, Taiwan) mkts out
on holiday, Osaka earthquake adding to weaker equities. London, mild risk-off
support, 10YY -.0165, 2.904% directional w/ US$/Yen. Swaps, spds mildly wider,
modest flow: receiver 1s 2.6055%, payer in 2s and 3s, ins portf receiver 7s.
- Eurodollar futures, steady/mildly higher, Sep'18 takes lead quarterly, Jun'18
expires 97.6753 after latest 3M LIBOR set (-0.0012 to 2.3247%, -0.0004 last wk).
Tsy cash/ylds: 2Y 99-28.6 (2.553%), 5Y 99-24.5 (2.799%), 10Y 99-18.5 (2.922%),
30Y 101-18 (3.044%)

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