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Tsy trading slightly higher after...>

US TSYS SUMMARY
US TSYS SUMMARY: Tsy trading slightly higher after the long end went red this
morning, strong volume (TYU 1.02M), yld curves mixed; Recent support on back of
Italy and Greek yds vs. Bunds moving wider, no specific driver for latter, but
colleagues note headlines "Italy's Poste Italiane solvency ratio dropped sharply
with the company citing volatility in BTPs may have contributed." light data
today with factory orders coming in spot on and jobless claims in line with
expectations;
-US$/Yen bouncing off session lows (JPY -0.09, 111.64, 111.74H/111.32L)
-Equities making session highs (+11.25, 2,822.00) after AAPL joins the "4-Caomma
Club w/Market cap topping $1T; DXY stronger (+.318, 94.979); West Texas Crude
climbing (WTI +1.38, 69.04)possibly tied to softening of emissions; Gold weaker
(XAU -1.20, 1214.75)
-Modest flow volumes, two-way positioning ahead Fri's NFP, light deal-tied flow
in 5s-7s, rate paying in 10s.
-Tsy cash/ylds: 2Y 99-29.5 (2.661%), 5Y 99-16.5 (2.853%), 10Y 99-01.5 (2.986%),
30Y 100-02 (3.121%).

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