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Tsys trade modestly firmer, curves.....>

US TSY FLOWS
US TSY FLOWS: Tsys trade modestly firmer, curves flatter with long end near
overnight highs, modest futures volume ahead FOMC policy annc later in session
(not to mention BoE, Norges and BoE anncs' Thu).
- Yld curves flatter; US$ index near mid-range (DXY +.068, 96.451); equities
softer (-2.0, 2834.5) after tapping 5+ month highs Tue; VIX currently +.13 at
13.69 after making new 5+/m low Tue; 
- Overnight flow includes better buying short end, two-way in intermediates,
leveraged acct sales in long end, swap-tied buying in 10s and 30s. No deal-tied
flow to speak of; light two-way option tied flow w/April Tsy options expiring
Friday.
- On tap for Wednesday: MBA Mortgage Applications; crude oil stocks; FOMC policy
announcement followed by Fed chairman Powell news conference.
- Tsy cash/ylds: 2Y 100-02.12 (2.462%), 5Y 99-26 (2.414%), 10Y 100-07 (2.598%),
30Y 99-23.5 (3.013%).

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