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USDCAD TECHS

Bear Leg Extends

AUDUSD TECHS

Northbound

ARGENTINA

August Economic Activity Rises 1.1% M/m

US TSYS/7Y
US TSYS/7Y: Tsys hover at higher prices, still bolstered by N.Korea
missile-firing safe-haven bid, but the market also saw some profit-taking
spurred by firmer Conf Board consumer confidence and some pre-auction shorts
into the 1pm ET US$28B 7Y note auction. Earlier today, Tsys saw brisk buying in
intermediate Tsys and futures. The 2/10Y, 2/5Y also has seen flattening done.
- Cantor Fitz analyst Justin Lederer said on the 7Y note auction that "we expect
decent demand, aided by the recent flight to quality bid on N. Korea along with
month-end extensions. We, however, would not be surprised by a small back-up
leading in and/or small tail, given the current yield level (about 1.93% on the
WI) and setups."