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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 that
continues to trade at/near moderate session highs. Little to no react to flurry
of late week data: core PCE +.2% and pers inc +.4% both in-line, PMI 64.1 better
than exp 60.1. Underlying risk-off tone kicked things off early after headlines
that Pres Trump seeks WTO exit (needs congressional approval).
- US$ index broadly weaker (DXY -0.763 to 94.549; US$/Yen higher/off highs
110.79 vs. 110.88H); equities higher (emini +18.5, 2738.0); gold firmer (XAU
+6.85, 1255.10); West Texas crude adding to wk of strong gains (WTI +.80, 74.25,
74.43H -- new year high/revisits 2014 high).
- Better futures volume coming into the session (TYU>450k, only 835k after
midday), two-way position squaring ahead weekend and next wks July 4th holiday,
fast$, props in shorts to intermediates, light bamk and real$ buying in long
end, spd curve flatteners as 5s30s slips below 23.0 -- lowest level since late
2007. Tsy cash/ylds: 2Y 99-30.25 (2.524%), 5Y 99-16.5 (2.728%), 10Y 100-10
(2.836%), 30Y 103-07.5 (2.960%).

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