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Tsy trading mixed with the long.....>

US TSYS SUMMARY
US TSYS SUMMARY: Tsy trading mixed with the long end outperforming, strong
volume (TYZ 1.83M), curves flattening. Data today led by PCE, Personal Income,
and Spending and Initial Claims.
-Fed Minutes showed that most see another rate hike soon and further gradual
hikes are in line with dual mandate while few saw funds rate near neutral.
-Headlines out this afternoon, "*TRUMP SAYS HE IS CLOSE TO DOING SOMETHING WITH
CHINA-bbg" which led to a risk-on price action. Shortly after, "*U.S., CHINA
EXPLORING DEAL TO DE-ESCALATE TRADE TENSIONS: DJ-bbg" and "*U.S. WOULD SUSPEND
FURTHER CHINA TARIFFS THROUGH SPRING: WSJ-bbg". Sources say that Chinese
officials would agree to lift restrictions on Chinas purchases of US farm and
energy products in return for the suspension of tariffs. 
-DXY up +.017, 96.803 (96.626L/97.005H), $/Eur down +0.0021 at 1.1387, $/Yen
down -.25 113.42; equities higher (emini +5.50, 2747.00 vs. 2754.50H); Gold up
(XAU +2.87, 1224.09), WTI currently down (WTI +1.06, 51.35). 
-Tsy cash/ylds: 2Y 99-28.25 (2.811%), 5Y 100-3.5 (2.850%), 10Y 100-25.5
(3.030%), 30Y 100-28.5 (3.327%).

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