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Tsys trading firmer on heavier......>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys trading firmer on heavier volume (TYU>565k), off early
highs following BoJ policy annc keeping rate steady, dovish guidance; curves
bull flattening, reversing Mon's bear steepening; Tsy ylds lower (10YY -0.0167,
2.9561%) at odds w/higher US$/Yen. Data picks up after slow start to wk w/
personal income, PCE, PMI; start of 2 day FOMC, BoE Thu.
-  US$ index near lows, DXY -.134 to 94.214; US$/Yen stronger, +.44 to 111.49
(111.59H/110.75L); equities firmer (emini +7.25, 2810.5); gold softer (XAU
-1.21, 1220.21); West Texas crude off (WTI -0.34, 69.79).
- Asia, Tsys surged higher post BoJ annc, better buying across the curve w/fast-
and real$ in 2s and 5s, bank buying 10s, real$ and insurance portfolio buying
out the curve initially; prop and real$ selling intermediates around highs w/
Tsys paring gains slightly, trading sideways into London cross over.
- London, flow more two-way while underlying bid remained; carry-over prop and
real$ selling 10s, 2s10s flatteners. Block sale -7k USU 143-00 (through -04 post
time bid) weighing. Tsy cash/ylds: 2Y 99-29.5 (2.661%), 5Y 99-18.75 (2.838%),
10Y 99-10 (2.994%), 30Y 100-29 (3.077%).

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