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US Treasuries are recovering from...>

US TSYS SUMMARY
US TSYS SUMMARY: US Treasuries are recovering from Asian/London session lows on
what appears to risk-off flows as European equities fall on rise in global trade
concerns and some disappointing results. An unscheduled Rinban from the BoJ also
seen supporting Tsys earlier. 
- US 10-yr yield is 2.6bp lower at 2.9803% with yield curve modestly flatter as
2-yr remains anchored. 2s/10s is 1.4bp tighter.
- Tsys grinded higher on broader risk aversion & unscheduled BOJ JGB buying ops,
unwinding a modest chunk of Wednesday's pushing 10-Yr Tsy yields back below
3.00%.
- Tsy gave up those gains at start of London trade though, weighed by fall in UK
Gilts and upcoming bond supply from Spain and France. Sentiment turned rapidly
once supply was out the way with BTPs selling off hard on what looked like
concerns over company holdings of BTPs. 
- Eurodollar futures are steady to higher, strip flatter as green and blue
contracts rally by 2/2.5 ticks. Attention now turns to BoE monetary policy
decision and then US durable goods data

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