Weaker across the curve but well off...>

US TSY FLOWS: Weaker across the curve but well off session lows tapped after

weak $19B 30Y note auction (912810SJ8) another tail: awarded 2.335% rate (2.644%

previous) vs. 2.322% WI. 

- Rates bounced soon after on back of geo-pol risk related headlines: "SALVINI:

GOVERNMENT NO LONGER HAS MAJORITY, ELECTIONS NEXT STEP" bbg; "China Warns U.S.

After Diplomat Meets With Prominent" HK Protesters, bbg.

- Equities strong after FI close -- recovering from early week rout to higher

for the week (ESU9 2940.0).

- Fast- and real$ selling in shorts to intermediates early, real$ and bank

portfolio sales intermediates out the curve earlier. Prop and fast$ buying

across the curve later in session. Decent swap flow, spds running mixed, wings

tighter vs. mildly wider belly, some deal-related, better rate paying in 4s and

7s, mild 2-way in 6s around 1.5125%, better receiving in 5s, 9s and 10s,

receiver flys: 2s5s7s, 2s4s10s and 5s6s10s on decent size.- - The 2-Yr yield is

up 0.8bps at 1.6148%, 5-Yr is down 1.3bps at 1.5372%, 10-Yr is down 2bps at

1.7138%, and 30-Yr is down 2.7bps at 2.2256%.