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Tsys have reversed all of...........>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys have reversed all of Thursday's gains as global equities
rebound sharply, amid heavier-than-usual fut volume (325k TYs so far).
- Long end getting hit; Ultra futures hit circuit breaker for the 3rd time this
week overnight. The 2-Yr yield is down 0.2bps at 0.195%, 5-Yr is up 0.8bps at
0.3311%, 10-Yr is up 3.6bps at 0.7051%, and 30-Yr is up 5.6bps at 1.4574%.
- Sep 10-Yr futures (TY) down 12/32 at 138-21.5 (L: 138-18 / H: 138-31)
- Eurodollars are off the lows but still reeling from NYFed unexpectedly hiking
the minimum bid on repo ops by 5bps to 15bps late Thursday.
- Limited data slate, UMich Jun flash sentiment at 1000ET the highlight.
- First post-FOMC Fed speaker will be Richmond Pres Barkin, appearing at both
1000ET and 1300ET.

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