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Tsy trading mildly weaker again.....>

US TSYS SUMMARY
US TSYS SUMMARY: Tsy trading mildly weaker again after paring O/N losses in
early London trade, 10YY tapped 3.1205% before retreat to 3.0853%, 3.0964% last.
Cross-current trade off European headlines then technicals O/N. U.S. focus on
weekly claims (215k est), more Fed speak: NY Fed exec VP Hirtle open remarks Eco
Press Brief, Mn Fed Pres Kashkari and Dal Fed Pres Kaplan on separate moderated
Q&A sessions.
- US$ index off late O/N high (DXY +.090 93.482 vs. 93.553H; US$/Yen +.29,
110.690; equities weaker (emini -4.0, 2719.0), West Texas crude firmer (WTI
+0.70, 72.19); gold weaker (XAU -2.0, 1288.71).
- Asia, Tsys opened steady/mildly weaker, traded sideways through London
crossover
- London, early selling pared, technical buying after 10YY tapped 3.1205%,
two-way FX flow, 2s10s flatteners, deal-tied hedging in mix. Futures volume
inflated on Jun/So roll (TYM>500k)
- Swaps, spds mixed, spd curve flatter, receivers in 10s
- Tsy ylds: 2Y 2.587%, 3Y 2.759%, 5Y 2.936%, 7Y 3.061%, 10Y 3.100%, 30Y 3.224%

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