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Tsys trading near middle of session....>

US TSY FLOWS
US TSY FLOWS: Tsys trading near middle of session range -- well off mid-morning
highs when mkt reacted to myriad US/China trade headlines when Pres Trump held
press conf in DC. US/China trade negotiations (to meet at 1700ET today). Curves
mostly steeper, 3M10Y flatter but off inverted levels. 
- Little react to early data, early rate rally more driven by underlying
risk-off tone amid ongoing US/China trade angst and Mideast geo-pol risk. 
- Small tail on latest $19B 30Y Bond auction (912810SH2) awarded 2.892% rate
(2.930% previous) vs. 2.890% WI; 2.20 bid/cover (2.25 previous, 2.43 avg). Corp
supply/related hedging evaporated after placing near $50B on week (BMY and IBM
making up appr 80% of that). 
- On tap for Friday: April Consumer Price Index (CPI); Q2 St. Louis and NY Fed
GDP Nowcasts; Apr Tsy budget balance. Fed speakers include Fed Brd Gov Brainard,
Atl Fed Pres Raphael Bostic, NY Fed President John Williams. 
- The 2-Yr yield is down 3.3bps at 2.2641%, 5-Yr is down 3.5bps at 2.2499%,
10-Yr is down 3.2bps at 2.4512%, and 30-Yr is down 2.5bps at 2.8689%.

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