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Tsys hold mildly mixed levels in....>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys hold mildly mixed levels in 2s-10 vs. long end trading
upper half of range, decent futures volume (TYU>425k) on choppy trade during
London hours. EU migration agreement (non-binding) and up-revised UK Q1 GDP
weighed on EGBs and Tsys, sovereign peripherals narrowed. More recent headlines
that Pres Trump seeks WTO exit (needs congressional approval) spurred round of
risk-off. Data day: PCE (0.4% est), PMI (60.1 est), U-Mich sentiment (99.3 est).
- US$ index weaker/near lows (DXY -0.527 to 94.785; US$/Yen higher/off highs
(110.65 vs. 110.79H); equities higher (emini +10.0, 2729.5); gold firmer (XAU
+2.79, 1251.04); West Texas crude little softer after wk of strong gains (WTI
-.16, 73.29 after topping 74.0 Thu, new year high/revisits 2014 high).
- Asia, quiet start, sideways trade on light two-way ahead of the London
cross-over, position squaring ahead weekend/next wk's holiday. London, trade
turned choppy on aforementioned factors, flow included fast$ and prop 2-way/net
in 5s and 10s, macro fund buying 3s, central bank buying belly, real$ selling
long end. Tsy cash/ylds: 2Y 99-30.75 (2.516%), 5Y 99-16.75 (2.726%), 10Y 100-08
(2.844%), 30Y 103-01.5 (2.968%).

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