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US Treasuries prices open higher,...>

US TSYS SUMMARY
US TSYS SUMMARY: US Treasuries prices open higher, flatter after overnight gains
on safe-haven buying spurred by ongoing U.S./N.Korea tensions. Cash 10Y is at
2.199% vs. 2.189% session low yield of 7am ET. All next await the 8:30am ET July
CPI.
- TOKYO hours saw Japanese markets closed for a holiday; will be Obon holidays
in Japan next week. Tsys had carry-over risk-off bid for rates added to Thu's
curve flattening rally, bank and real$ accts bought 10s and 30s. FX-acct buying
as USD weakened. Japanese lifers also bought US Tsys, as did Japanese banks and
credit funds.
- LONDON: Tsys lagged German Bunds but held gains; mild prop and fast$ selling
arose in 10Y notes. BMO analysts said cash 10Ys most active with 39% market
share. - US SWAPS: Spreads ran steady/mixed, with spread curve a bit flatter. 
- US EURODLR FUTURES: Mildly higher for the most part. 
- O/N REPO: Tsy 2Y note remains tight; others quiet. 
- US HIGH-GRADE CORPORATE BOND ISSUANCE: Quiet; but in junk bonds, Tesla Inc.
brings a $1.5B 8Y/NC3Y note to price today.

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