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Analysts at Barclays are recommending.......>

US TSYS
US TSYS: Analysts at Barclays are recommending long positions in 10Y USTs in
their latest research believing that the inflation expectations component of the
10Y yield "should remain capped".
- They also write that "Term premia in long-term yields should still be
negative, given low interest rate volatility. Positioning and convexity
paying-related flows are also unlikely to exacerbate the sell-off".
- Note that the latest 10Y breakeven is 2.11% and the 10Y term risk premium
(according to the NY Fed's Adrian, Crump and Moench model) has risen from -60bp
in December to -19bp yesterday and is close to the most generous since may 2017.

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