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US Treasuries open NY mainly........>

US TSYS SUMMARY
US TSYS SUMMARY: US Treasuries open NY mainly mildly weaker, 30Y exception as
2/30Y, 2/30Y and 5/30Y all see curve flatteners after Monday sharp steepening
move. Big news today is the House tax bill vote at 1:30pm ET; Senate then votes
soon after. Traders appear to believe most stock-boosting/Tsys pressure effect
of tax bill passage may potentially be all priced in, given long preparation for
today's key congressional votes. 
- TOKYO: Tsys opened mixed, holding range into UK crossover. Mkt players faded
Mon's steepening; flow included buyers of 30s, 5s30s flatteners, two-way in
short end. Asian central bank buying arose in 5s, while institutional accts sold
short end vs. 5s, 10s. Asia real$ bought long end. 
- LONDON: Carry-over long end bid, long end Tsy futures making new overnight
highs in last hour. 
- OVERNIGHT REPO: Tsy 2Y notes tight: shorts set into next wk 2/5/7Y auctions. 
- US SWAPS: Steady to mildly wider. EURODLR FUTURES: Recent large sale of 20K
EDM8 at 98.065. US HIGH-GRADE CORPORATE BOND ISSUANCE: Nothing expected. US
high-grade, US high-yield and EMG Mkt CDXs all tighten.

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