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Tsys trade weaker, near lows, curves...>

US TSY FLOWS
US TSY FLOWS: Tsys trade weaker, near lows, curves little steeper, average
volumes (TYM<275k). US$ index inching off Wed's lows (96.385, last seen March 4)
DXY currently +.244 at 96.794; equities weaker but inching off recent lows (SPX
-3.25, 2816.25).
- Generally quiet ahead next weeks FOMC, political/trade/Brexit headline
watching continues.
- Modest two-way overnight flow, swap-tied selling in 2s and 5s, buying in 3s,
two-way in 9s, little deal-tied hedging so far, Tsy supply in rear-view (30Y
0.9bp tail Wed after decent 10Y Tue). Note, March quarterly Eurodollar
futures/options expire Friday/early Monday.
- On tap for Thursday: Weekly claims; February imports/exports price indexes;
January new home sales.
- Tsy cash/ylds: 2Y 100-02.5 (2.453%), 5Y 99-25.75 (2.415%), 10Y 100-04
(2.609%), 30Y 99-27 (3.007%).

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