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Tsys trade mixed after the bell........>

US TSY FLOWS
US TSY FLOWS: Tsys trade mixed after the bell Monday, relative quiet for
domestic markets, eyeing Brexit and other headlines out of Europe (GBP/US$ fell
to 18-month low (1.2507) on BREXIT vote pull back. 
- Rather decent volume on day as long end outperformed all day, yld curves
flattening; 2Y revisiting levels
not seen since Jun 2016 -- appears short term funding pressure for banks is
being felt earlier than normal headed into year end. Bank shares punished on day
(equities managed to stage a strong rally off new lows for year (SPX +9.0 at
2645.0 in late trade)
- Decent if not exactly heavy upside call buying in Tsy options, conditional
bull curve steepeners in Eurodollar options (Whites/Reds, Greens/Golds) all
targeting potential rate pause/cuts in 2019 and beyond. 
- No new corp issuance,  $38B 3Y note auction (9128285R7) Tuesday. Salient data
for Tuesday (estimates): Nov Final Demand PPI (0.6% prior, -0.1% estimate).
- Tsy cash/ylds: 2Y 100-01.5 (2.723%), 5Y 100-25 (2.704%), 10Y 102-11 (2.850%),
30Y 104-25 (3.126%).

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