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Tsys traded mildly higher into......>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys traded mildly higher into the bell, curves mixed; data
today was highlighted by nonfarm payrolls coming in lower than expected at +157k
vs +190 est., revisions made expectations; ISM non-manufacturing index came in
weaker than expected at 55.7 vs 58.6 exp.
- WTI fell this afternoon in react to Bbg headline "Saudi Arabia Is Said to Have
Pumped 10.3M B/D of Crude in July" -- a little less than June but "volume
produced was 10.29m b/d and the volume supplied to the market, including crude
drawn from stocks, was 10.38m b/d, one delegate says". Has since pared losses
West Texas crude (WTI -0.38, 68.58).
-CHINA: PBOC announces higher reserve requirement for FX forwards, from 0% to
20%
-DXY -.031 to 95.139; US$/Yen fell this morning to new lows, -.43 to 111.22
(111.87H/111.10L); equities higher (emini +9.50, 2,838.00); gold stronger (XAU
+6.00, 1213.81); Tsy cash/ylds: 2Y 99-30.5 (2.645%), 5Y 99-21.5 (2.819%), 10Y
99-09.5 (2.956%), 30Y 100-14(3.101%).

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