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*** Tsys trading firmer, at/near....>

US TSYS SUMMARY
US TSYS SUMMARY: *** Tsys trading firmer, at/near top end narrow range, long end
outperforming on heavier futures volume due to ongoing roll action ahead Wed's
first notice date. Focus on Fed Chair Powell's testimony before House Fncl
Services Comm Tue at 1000ET (statement released at 0830ET), hopefully providing
additional policy insight during the question and answer session.
- US$ index little weaker/off lows (DXY -.215, 89.668); equities firmer (emini
+9.0, 2757.75); gold stronger (XAU +8.36, 1337.11); West Texas crude little
weaker (WTI -0.10, 64.35).
- Asia, Tsys rebounded soon after steady/weaker open, see-sawing in higher range
into London open, sporadic real$ selling in long end.
- London, continued to chop around top end of range, real$ buying short end
Tsys, bank portfolio buying intermediates and carry-over real$ selling 30s.
- Swaps, spds running mixed, spd curve flatter w/flurry of paying in 2s post
LIBOR set.
- Eurodollar futures, trading mixed, short end under pressure after 3M LIBOR
gapped +0.0280 to 1.9842% (+0.0714 last wk).

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