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Tsys trading firmer, near late......>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys trading firmer, near late overnight highs on moderate
volume (TYU 370k), yld curves mixed, 5s30s 0.811 steeper to 29.755. Relative
subdued trade as rates follow EGBs on back of higher Italian ylds vs. Bunds.
Second tier US data, no Fed speak -- back to headline watching w/Italian Senate
confirm vote at 1230ET (shouldn't be a risk event).
- USD index firmer (DXY +.067, 94.105; US$ vs. Yen -0.04, 109.78); stocks little
higher (emini +4.25, 2749.75); gold off (XAU -0.63 1291.37); West Texas crude
off (WTI -0.45 to 64.30).
- Asia, steady/weaker open, modest two-way/sideways trade through London
crossover, two-way FX acct and deal-tied flow. 
- London, Tsys followed EGBs lead as Italy/Bunds re-widened after Mon's lull
(10Y +17.3, 225.3). Carry-over two-way in short end, deal-tied flow, real$ +10s
in cash, bank buying 30s. Swap spds mildly wider for most part, spd curve
flatter, receiver 2s, 2-way 3s, 6s10s steepener.
- Tsy cash/ylds: 2Y 100-00.2 (2.492%), 5Y 99-29.75 (2.763%), 10Y 99-21 (2.913%),
30Y 101-06 (3.062%).

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