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US Treasuries open NY weaker........>

US TSYS SUMMARY
US TSYS SUMMARY: US Treasuries open NY weaker after mild risk-on mood, overnight
2way flow, firmer US stock index futures and stronger European stocks indexes. 
- TOKYO: Tsys receded as US stocks Mon in NY eked out small gain. Foreign
central bank selling arose in 5Y, 10Y notes; could potentially be setup for next
wk's 2/5/7Y Tsy auctions. US, S.Korea are in remaining 9 days of military
drills; spurred saber-rattling from N.Korea of "merciless revenge." US Pres.
Trump to add troops in Afghanistan, urged Pakistan to root out terror element. 
- LONDON: Tsys mainly ignored rebound in German Bunds and UK Gilts. Credit-tied
sales, maybe a hedge into new issuance; also curve steepeners. Bank portfolios
sold 5Y,10Y notes, with light FX-tied sales as US$ firmed vs. Jpn yen. Sep/Dec
futures volume picks up. 
- US SWAPS: Bank rate paying in 5s done overnight. 
- EURODLR FUTRS: Mildly lower; recent buy of 8,000 Red Mar'19/Green Mar'20,
0.185. Apparent sale of 3Y Bundle at 7:50am ET, a block trade. 
- O/N REPO: Tsy 2Y, 5Y notes tight. 
- HIGH-GRADE US$ CORP ISSUANCE: SEK, Wld Bnk Tues; Wed DBJ 5Y, 10Y.

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