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US rates well bid in sympathy w/EGBs...>

US TSY FLOWS
US TSY FLOWS: US rates well bid in sympathy w/EGBs after weaker than expected
French, German and Eurozone flash PMI data. Tsys hold to narrow range after
initial rally off late Asia hours lows, yld curves flatter. Equities little
weaker (ESZ9 -1.5), crude softer (WTI -.40), Gold stronger (+1.55).
- Fed speakers on tap (Williams, Daly, Bullard), Tsy supply resumes (today's
$45B 13W, $42B 26W bills ahead $40B 2Y note tomorrow).
- Mixed flow w/deal tied selling into strength, swap-tied receiving in front to
intermediates, recent seller Oct FF, better bid EDZ9 leads volume/extended highs
after 3M LIBOR set -0.0283 to 2.1062%.
- The 2-Yr yield is down 1.2bps at 1.6709%, 5-Yr is down 1.8bps at 1.582%, 10-Yr
is down 2.4bps at 1.6973%, and 30-Yr is down 2.3bps at 2.1385%.

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