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Tsys finished at/near top end of....>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys finished at/near top end of range Wed, ignoring jump in
US$ vs. majors and tighter sovereign spds, focus on another steep drop in
equities (FANG shares lead), strong month end buying adding impetus to move.
- US$ index higher (DXY +.596 to 95.272 vs. 95.417H; US$/Yen +0.21 to 110.23 vs.
110.26H); equities reverse Tue's gains (emini -23.0, 2699.0); gold mildly weaker
(XAU -0.33, 1251.96); West Texas crude surged again, adding to Tue's rally (WTI
+1.77, 72.30 vs. 73.03H).
- Relative quiet start, two-way flow on decent overnight futures volume coming
into the NY session (TYU>475K on open), better buying in intermediates to long
end accelerated later in second half on month end extensions. Muted deal-tied
flow. 
- Swap spds mildly wider for the most part, short end wider (quoted over new
issue), 10Y lagging move. Sporadic flow includes 2-way in short end, decent rate
paying in 4s around 2.855-.865%, 2-way 2s5s spd curve flow and 3s4s flatteners. 
- Tsy cash/ylds: 2Y 99-31.5 (2.504%), 5Y 100-07.75 (2.695%), 10Y 100-13
(2.826%), 30Y 103-03 (2.967%)
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