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Back to Extending Session Highs After Latest FRC Headline


Front month Treasury futures extend early session highs (TYM3 taps 115-30.5 high, +5; 10Y yield 3.3733% low) curves back to bull steepening (2s10s +6.880 at -48.819) after latest First Republic Bank (FRC) headline: US GOVERNMENT CURRENTLY UNWILLING TO INTERVENE ON FIRST REPUBLIC - CNBC CITING SOURCES.

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