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Tsys well bid, near top end of range...>

US TSY FLOWS
US TSY FLOWS: Tsys well bid, near top end of range w/long end outperforming, yld
curves bull flattening, decent futures volume (TYH>410k at moment). SPX off
early overnight highs.
- Coming up: ISM Non-manufacturing Index (60.7, 58.0); no Nov factory new orders
due to US Gov shutdown; Atl Fed Pres Bostic on economic outlook/mon-pol, in
Atlanta GA, w/Q&A; $39B 13W and $36B 26W bill auctions.
- Overnight flow includes mild two-way deal-tied flow, macro-fund swap-tied
selling in 5s, real$ selling into long end strength earlier.
- Tsy cash/ylds: 2Y 100-01 (2.479%), 5Y 100-22.75 (2.471%), 10Y 104-17.5
(2.597%), 30Y 108-25.5 (2.929%)

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