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Tsys higher/off session highs by....>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys higher/off session highs by the early close, ylds continue
to recede from late last wk's multi-year highs (10YY 2.9332, -.0438), largely in
reaction to widening in sovereign peripherals (Spain 10Y vs. Bunds +15,
outpacing Italy +13 and Portugal, +12, Turkey only +6.7). Decent volumes belie
thin mkts on shortened pre-holiday weekend.
- USD index bouncing after some overnight chop (DXY +0.392, 94.167) US$ vs. Yen
+0.15, 109.40; stocks weaker (emini -7.25, 2720.25); gold little weaker (XAU
-0.53, 1304.08). West Texas crude hammered (WTI -3.07 to 67.64) on OPEC
headlines they looking to boost supply by ending excessive cuts.
- Futures traded strong post data, extending session highs on decent volume
(more due to June/Sep roll action and June option expiration hedging than to
data).
- Tsy cash/ylds: 2Y 100-01.2 (2.476%), 5Y 99-30 (2.762%), 10Y 99-16 (2.931%),
30Y 100-19.5 (3.092%).

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