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BMO analyst Ian Lyngen said on.....>

US TSYS/RESEARCH
US TSYS/RESEARCH: BMO analyst Ian Lyngen said on Tsy market positions that
"we've noted the importance of positions and profit-taking as an inhibition to
further upside, and we're content to let the dynamic run its course."
- He adds that "the relevance of position squaring is elevated as we approach a
notoriously slow period for Treasuries with vacation season peaking and, if the
number of out-of-office responses we've received is any indication, many
investors simply sitting out the most recent rally."

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