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Tsys trade weaker, off lows last few...>

US TSY FLOWS
US TSY FLOWS: Tsys trade weaker, off lows last few minutes as US$ continues to
weaken (DXY slipped -.165, 94.020); 10- and 30Y ylds near May's 4-year highs.
Rather decent volume (TYZ>375k) as China and Japan back from extended holiday.
Little data to speak of again today, second leg of week's Tsy supply w/$38B 5Y
Note, FOMC kicks off.
- Look for trade and political headlines continue to trump more
market-based/policy related headers, tit-for-tat tariffs w/China while US AG
Rosenstein meet in DC Thursday.
- Carry-over risk-on tone w/equities trading firmer, fast$ buying 2s, prop and
real$ buying intermediates last hour, pre-auction short sets 5s, 2s and 5s vs.
30s flatteners, month-end buying creeping in. 
- Tsy cash/ylds: 2Y 99-26.5 (2.835%), 5Y 98-30.5 (2.978%), 10Y 98-02.5 (3.100%),
30Y 95-15.5 (3.236%).

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