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Friday saw some position unwinds in Tsys as equities climbed to new October highs, are back to supporting Bonds as equities gain (ESZ1 4474.5 high).
- Trading desks report better selling in 5s-10s from real$ and bank portfolios, tactical steepener unwinds, deal-tied selling as corporate and supra-sovereign issuance picks up.
5s30s Tsy Yield CurveBloomberg/MNI