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Tsys trading weaker/following.......>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys trading weaker/following EGBs, at/near late overnight
lows, modest futures volume (TYU<250k). Adding to move: stronger US$/Yen and
tighter Italy spds vs. Bunds (5Y -47.0 218.5) after Italian fin-min Tria vowed
country would stay w/Euro; sov spds all tighter as well. No data today, 3- and
10Y note auctions, quiet ahead Wed's FOMC annc, .25bp hike expected.
- USD index mildly higher (DXY +0.102, 93.637; US$ vs. Yen +0.49, 110.04);
stocks softer (emini -1.25, 2781.25); gold weaker/off lows (XAU -2.47, 1296.86;
West Texas crude weaker (WTI -0.68 to 65.06).
- Asia, weaker start on light volume, rates drifted lower as US$ gained. Mkts
still digesting G7,  Trump's historic "mission of peace" with North Korea in
Singapore begins Tue. London, two-way flow, light volume w/better sellers on
tighter sovereign spds. ECB policy meet Thu, BoJ Fri.
- Swaps, spds wider, directional w/higher Tsy ylds, very light overnight trade.
- Eurodollar futures, weaker across strip, short end pressed after 3M LIBOR set
(+0.0063 to 2.3326%, +0.0085 last wk). Tsy cash/ylds: 2Y 99-30.75 (2.516%), 5Y
99-24 (2.802%), 10Y 99-07.5 (2.963%), 30Y 100-13 (3.103%).

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