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Tsys ended lower Thursday after ebb....>

US TSY/RECAP: Tsys ended lower Thursday after ebb on lower-than-expected 260K
initial weekly jobless claims & firm 1.2% Aug. factory new orders. Tsys hurt
amid SF Fed Williams' caution that US real estate and bond prices near all-time
highs amid low US rates; Phili. Fed Harker: US is at "maximum employment" (BBG).
- Tsys saw better short end sales; Eurodollar futures sales of 12,000 in Dec'17
at 98.495 prior to 10:31am ET. Eurodollar options sale of 35,000 Dec 86 calls at
1.0 vs 98.49/0.30; Dec hike chances up to 74.5%. - Tsys hurt by higher US stocks
and potential compromise on Spain/Catalan secession as Catalan leaders disagree.
Tsys selling in cash 7Y-10Y notes by hedge funds, real$, foreign central books;
some maybe hedge vs Fri 8:30 am ET Sep jobs. 
- TIPS outperform. Tsy 24B 3Y auction Oct 11 Wed and $20B 10Y reopen same day;
$12B 30Y Reopen Oct 12. US swaps spreads narrow range, mostly tighter. US
Eurodollar futures weaker. Good volume in Dec'17 and Red Dec'18 (about 500K
- U.S Tsys open Asia-Pac at 125-06, 10-Year Yield last at 2.348

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