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Tsys trade well off recent lows --.....>

US TSY FLOWS: Tsys trade well off recent lows -- bouncing on back of recent
UK/Brexit headlines citing PM May's legal advisor Cox that "legal risks remain
unchanged" after May's meet in Strasbourg w/EU Juncker late Monday. GBP reverses
gains, US$ bounced but paring move now (DXY -.022, 97.193), equities pare gains
(SPX -1.0, 2788.0).
- Rather decent volume on the range, TYM>400k so far. Sources reported better
buying from fast$ in 2s and 5s vs. swap-tied selling in short end earlier, hear
buyers of +10s while others place pre-auction sales. Prop and faast$ buying
intermediates after Cox headlines, light 2s10s flatteners.
- On tap for Tuesday: February NFIB Small Business Index; February CPI; Mar
Redbook retail sales m/m; $24B 10Y note auction (9128286B1).
- Tsy cash/ylds: 2Y 100-00.75 (2.483%), 5Y 99-20.5 (2.451%), 10Y 99-25 (2.648%),
30Y 99-08.5 (3.036%).

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