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- US-China trade talks continue.....>

US TSYS SUMMARY
US TSYS SUMMARY: - US-China trade talks continue to dominate with slightly more
optimistic headlines suggesting talks were ongoing and that Trump was still
willing to do a deal helped USTs to give up some of yesterday's gains. However,
moves have been much more muted than yesterday.
- This morning the Fed's Williams said that lower neutral rates would require
"new policy approaches" and that tariffs are like a negative supply shock.
George and Daly are both due to speak later today. The data calendar is light
today with import/export price data the only notable release. Things heat up
tomorrow with retail sales and IP due for release.
- TY1 futures are down -0-1 today at 124-12.
- 2y yields unch today at 2.189%
- 5y yields up 0.3bp today at 2.187%
- 10y yields up 0.7bp today at 2.409%
- 30y yields up 1.1bp today at 2.848%
- 2s10s up 0.7bp today at 22.0bp
- 10s30s up 0.4bp today at 43.9bp

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