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Tsys reversed early risk-on tone....>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys reversed early risk-on tone (carry over from London trade
w/Bunds and Gilts weaker, sovereign spds tighter, equities firmer, crude hitting
multi-year highs) to finish at/near session highs. 
- Decent action on shortened pre-holiday session, moderate futures volume (TYU
appr 975k), light data w/auto sales, factory orders, Redbook retail sales.
- US$ index little softer (DXY -0.182 to 94.689; US$/Yen -.35 110.55); equities
weaker, well off early highs (emini -12.5, 2715.75 vs. 2739.75H); gold firmer
(XAU +11.05 1253.05); West Texas crude reversed course -- off multi year highs
not seen since late 2014 (WTI -.17, 73.77, 72.73L/75.27H).
- Swap spds mildly wider for the most part, short end tighter since the open,
spd curve steeper vs. flatter yld curves. Light two-way flow on shortened
pre-holiday session: Earlier flow includes 2-way in 2s and 5s, better net
receiver in 5s and 2s/6s flattener, earlier receiving out the curve.
- Tsy cash/ylds: 2Y 99-30.25 (2.524%), 5Y 99-17.5 (2.721%), 10Y 100-11.5
(2.831%), 30Y 103-08 (2.959%).

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