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CROSS ASSET

USD Hits New Daily Lows vs. EUR, GBP, AUD

US TSY FUTURES

BLOCK, 5Y

US TSYS

Tsys Pare Gains on Equity Upswing

PLATINUM

Death Cross Approaches in Platinum

EQUITY TECHS

E-MINI S&P (U1): Heading North

CORN TECHS

(Z1) Attention Is On Support

US TSYS SUMMARY
US TSYS SUMMARY: US Treasuries are trading mixed having bounced off early
European morning session lows with yield curve modestly flatter as UK inflation
surprisingly falls and Eurozone HICP is revised lower. US 10-yr yield is close
to US closing level at 2.8285% having traded in a range of between 2.8212% to
2.8396% so far Wednesday.
- It was another relatively sedate Asian session for US Tsys, with a report
suggesting that Mike Pompeo travelled to North Korea to meet with Kim Jong Un
keeping a lid on Tsys. T-notes operated in a 3+ tick range.
- T-note future slipped lower weighed by soft opening in German Bunds, however a
positive opening in UK gilts and recovering in Bunds saw the future regain lost
ground.
- A large 2s/10s flattener trade going through futures (11,498 TUM8 @ 106-03+ vs
4,217 UXYM8 @ 128-31 at 0844:54BST) then supported recovery in the long end
while the short end remained in negative territory. 
- Swap spreads are modestly tighter while breakevens are little changed. 
- Attention now turns to US MBS mortgage applications and BOC rate decision.