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Tsys trade modestly weaker, near.......>

US TSY FLOWS
US TSY FLOWS: Tsys trade modestly weaker, near low-end narrow overnight range on
average volume as mkts await Aug NFP, current dealer mean est +195k vs. whisper
around +179k. Note, Aug emply data has historically missed to downside 19 of
past 20 years! Meanwhile, Private payrolls are expected to rise by 190,000.
Analysts also expect average hourly earnings to rise 0.2%, the average workweek
to remain at 34.5, and the unemployment rate to fall back slightly to 3.8%.
- US$ index weaker DXY -.027, 94.994 (94.871L/95.072H), $/Eur -0.0010 at 1.1614,
$/Yen +.09 110.84; equities weak/near lows (emini -5.0, 2874.0); Gold firm (XAU
+1.64, 1201.60); West Texas crude steady (WTI +0.00, 67.78).
- Asia/London trade, generally quiet ahead today's data, two-way positioning,
quiet cash flow, deal-tied unwinds after Thu's $20B 10-tranche Cigna issue.
- Eurodollar futures mildly lower across the strip, short end sellers after 3M
LIBOR set +0.0042 to 2.3312% (+0.0273/wk). Couple large TYZ blocks potentially
vs. Bunds.
- Tsy cash/ylds: 2Y 99-30.75 (2.643%), 5Y 99-31.25 (2.753%), 10Y 99-28.5
(2.886%), 30Y 98-24 (3.063%).

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