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Tsys trading mixed, mildly steeper.....>

US TSY FLOWS
US TSY FLOWS: Tsys trading mixed, mildly steeper curves rotating around steady
10s at the moment. Long end reversed course, extended low end of range just as
US$ index bounced recently. Rebound amid very light volume w/accts close to
sidelines ahead Wed's FOMC and ongoing Brexit headlines.
- Yld curves inch steeper; US$ index off recent lows (DXY -.158, 96.367 vs.
96.291L); equities firmer/near highs (SPX +9.75, 2850.25).
- Overnight trade includes, swap, prop and leveraged fund buying in short end,
bank portfolio buying 2s and 7s, two-way in 10s, deal-tied selling in the
intermediates.
- On tap for Tuesday: Redbook retail sales; Jan factory new orders; FOMC day one
of two.
- Tsy cash/ylds: 2Y 100-02.88 (2.450%), 5Y 99-26.5 (2.410%), 10Y 100-05.5
(2.603%), 30Y 99-19.5 (3.018%).

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