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Tsys trading weaker, near recent....>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys trading weaker, near recent lows on exceptionally light
futures volume (TYU<190k so far), mild risk-on tone w/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; separate matter: UK
cabinet resignations include Davis, added pressure for Theresa May. 
- US$ index weaker (DXY -0.222 to 93.741; US$/Yen lower -.04 110.43
(110.55H/110.30L); equities stronger (emini +10.25, 2773.25); gold stronger (XAU
+10.17 1265.36); West Texas crude near steady (WTI +.02, 73.82).
- Asia, Tsys ylds see-sawed higher w/ US$/Yen early on though pair now mildly
weaker after mild overnight chop, early spec and fast $ selling 3s and 5s.
Follow through weakness in rates in London trade amid light summer
participation, two-way in 10s better selling from real$, 5s10s steepeners. Tsy
cash/ylds: 2Y 99-28.25 (2.557%), 5Y 99-14 (2.745%), 10Y 100-06 (2.851%), 30Y
103-08.5 (2.959%).

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