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Tsys holding strong gains/upper.....>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys holding strong gains/upper end of session range following
final leg of wk's Tsy supply w/$30B 7Y auction stopping through to 2.930% rate
w/2.62 bid/cvr. Quiet w/May minutes out of the way, traders setting sights on
extended holiday weekend (early close Fri, Mon closed).
- Tsys followed Bunds higher early as 10Y Italy vs. Bunds rebounded, +2.8 to
192.0 after trading lower late overnight; decline in US$/Yen added to decline in
Tsy ylds, 10YY -.0165 to 2.9770. 
- USD index little weaker (DXY -0.242, 93.761) US$ vs. Yen -0.77, 109.31 vs.
110.12H; stocks weaker (emini -5.75, 2725.0); West Texas crude  weaker (WTI
-1.15, 70.69); gold strong (XAU +11.57, 1304.96). 
- Heavy futures volume amid continued Jun/Sep rolling (TUM/TYU >1.4M!). Little
react to earlier data w/weekly claims (234k est), home price/existing sales
data, Atl Fed Pres Bostic and Phi Fed Pres Harker speaking at same event today.
Fed Bostic says comfortable w/3 hikes in 2018, neutral rate 2.25%-2.75%.
- Tsy cash/ylds: 2Y 99-31.2 (2.508%), 5Y 99-22.25 (2.814%), 10Y 99-03 (2.979%),
30Y 99-29.5 (3.128%)

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