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Tsys trading weaker by the bell,....>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys trading weaker by the bell, bottom half of range after
some midday risk-on unwinds. Anemic volume w/appr 650k TYU by the bell. No data
day, Quiet early summer trade, second tier data. US Pres Trump annc SCOTUS pick
Monday night, PPI Wed, CPI Thu, Fed to release chairman Powell's Semiannual
monetary policy report to Congress at 1100ET Friday, July 13.
- US$ index bounces late (DXY +0.125 to 94.088; US$/Yen higher +.36 110.83
(110.90H/110.30L); equities stronger, adding to Fri's gains (emini +22.0,
2785.0); gold weaker (XAU -2.6 1255.27); West Texas crude mildly higher (WTI
+.23, 74.03).
- Quiet session, carry-over risk-on tone as markets taking solace from no new
trade escalation after China tariffs triggered midnight last Thu (reaction to
tariffs already priced in, potential for negative consequences of to economy
will take much longer to show up). Geo-pol risk on simmer, however, ahead U.S.
Pres Trump's departure for NATO summit Tue.  
- Tsy cash/ylds: 2Y 99-28.25 (2.557%), 5Y 99-13.5 (2.748%), 10Y 100-04.5
(2.856%), 30Y 103-05 (2.964%).

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