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Tsys trading weaker but off late.......>

US TSY FLOWS
US TSY FLOWS: Tsys trading weaker but off late overnight lows, decent volume
(TYU >540k by the bell).
- Overnight flow included bank portfolio selling in short end, managed $ and
prop acct buying intermediates earlier, algos and fast$ selling intermediates to
long end with prop and real$ on heels of Tsy Sec Mnuchin comments on US/China
trade hopes. Pre-auction hedging ahead $41B 5Y note later.
- The 2-Yr yield is up 0.7bps at 1.7389%, 5-Yr is up 3.3bps at 1.7572%, 10-Yr is
up 2.9bps at 2.0141%, and 30-Yr is up 2.1bps at 2.54%.

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