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Tsys trading modestly higher/near...>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys trading modestly higher/near middle relatively narrow
range, choppy overnight in futures, curves giving back portion of Tue's
steepening, heavier volume (TYM>470k). Focus on housing starts (1.313m est), IP
(0.6% est), CapU (78.4% est); Fed speakers include Atl Fed Pres Bostic eco
update/fireside chat at 0830ET, StL Fed Pres Bullard later in the evening,
1830ET.
- Steady climb in US$ index last 4 hours, DXY +.339 93.556 vs. 93.625 recent
high; US$/Yen -.15, 110.200; equities softer after Tue's sell-off (emini -2.0,
2707.0), West Texas crude weaker (WTI -0.36, 70.95); gold adding to Tue's
sell-off (XAU -2.47, 1288.04).
- Asia/London, two-way flow through overnight, underlying support w/Bunds.
- Swaps, spds running steady/wider, spd curve flatter again
- Eurodollar futures, Short end in retreat post LIBOR, +0.0050 to 2.3256%
(-0.0169/wk), EDM8 down to 97.690, follow through selling EDU8-EDZ8 on moderate
volume.
- Tsy ylds: 2Y 2.577%, 3Y 2.748%, 5Y 2.915%, 7Y 3.033%, 10Y 3.067%, 30Y 3.193%

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