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Tsys see-sawed in relatively........>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys see-sawed in relatively narrow range, mixed levels on
moderate volume (TYU>1M -- boosted by decent Sep/Dec rolling), curves continue
to grind flatter w/long end outperforming. 
-  US$ index climbing, DXY +.462 to 95.608; US$/Yen +.68 to 111.24, US$/Euro
-.0055, 1.1541; equities weaker (emini -2.5, 2858.75); gold weaker (XAU -8.40,
1187.43); West Texas crude near steady after strong Wed gains (WTI -0.01,
67.85). 
- Little react to data today, focus on Fed Chair Powell at Jackson Hole
eco-symposium Friday morning (speech embargoed 1000ET) while headlines from
sidelines may create some vol at symposium mixer later tonight. Listening
closely for news on timing and/or pace of balance sheet run-off. Otherwise,
headline watching continues.
- Generally light 2-way positioning, option-tied flow ahead Sep Tsy expiry Fri,
spec selling short end post data, some light profit taking 2s10s flatteners.
- Tsy cash/ylds: 2Y 100-01 (2.604%), 5Y 100-05 (2.711%, 10Y 100-15 (2.819%), 30Y
100-16.5 (2.973%).

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