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Tsys ended the day stronger as the Fed's....>

US TSYS
US TSYS: Tsys ended the day stronger as the Fed's 25bp hike added fuel to the
recent risk off trend, with the ongoing collapse in breakevens keeping yields
under downside pressure. 
- The 2-10 curve collapsed 6bps on the day as the entire curve collapsed. 30year
dropped back below 3.0%. Markets see further hikes as increasingly unlikely
despite the SEP pointing to 2 more hikes for 2019. The resumption of dollar
strength is adding to the downside risks.  
- The real yield curve inversion has intensified as short term breakevens have
fallen more than long term ones. 
- Philly Fed and jobless claims are out tomorrow. 
- Ylds: 2Y: 2.646%, 5Y: 2.619%, 10Y: 2.755%, 30Y: 2.981%.

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