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Tsys trade flatter, mixed, into 1pm....>

US TSYS/TIPS
US TSYS/TIPS: Tsys trade flatter, mixed, into 1pm ET US$14B 5Y TIPS reopening.
The WI TIPS 5Y reopening yield is at bid 0.415%, according to TradeWeb, which is
around its highest yield for 2017.
- BMO's Aaron Kohli expects a "stop close to the screws" as 5Y reopening
auction's "liquidity provision," and "tax cut optimism and high real yld levels
offset rich breakevens, stretched crude positions and a hawkish Fed.
- HISTORY: Aug. 5Y TIPS reopening drew 0.117% high yield, 2.41 bid/cover, 65.5%
indirects, 11.6% directs, leaving only 22.8% for primary dealers to mop up.

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