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Tsys finish higher, well off........>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys finish higher, well off highs w/bid evaporating late.
Generally quiet end to wk after German headlines injected volatility O/N. German
political angst spiked Tsys after spurious headlines that CSU party would end
alliance w/Merkel's CDU party, Tsys quickly retraced as report denied.
- Futures made new highs/risk-off bid on concerns over China tariffs balloon;
decent futures volume by midday (TYU>1.3m); 10YY see-sawed to 2.8876% O/N low
(after topping 3.0% post FOMC) as US$/Yen receded.
- US$ off early highs (DXY -.092, 94.787 vs. 95.131H; US$/Yen -0.02, 110.61 vs.
110.9H); equities off lows (emini -5.0, 2783.5); gold CRATERED (XAU -22.74,
1279.56); West Texas crude took it on chin over-supply concerns (WTI -1.89, 65.0
vs. 64.58L). 2-way flow, better buys, curve flatteners, EDM8 futures/opts
expire.
- Fed speakers resume, Fed Pres Kaplan only sees 3 hikes despite 4 dots from
FOMC; Fed Pres Dudley coming off more hawkish saying Fed needs to keep check on
growing inflation. Tsy cash/ylds: 2Y 99-28.6 (2.553%), 5Y 99-24.5 (2.799%), 10Y
99-18.5 (2.922%), 30Y 101-18 (3.044%)

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