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Cantor Fitz analyst Justin Lederer on...>

US TSYS/10Y
US TSYS/10Y: Cantor Fitz analyst Justin Lederer on today's US Treasury $24B 10Y
note auction (+$1B from prior auction) says market sentiment will drive appetite
for the new upsized issue. Lederer wouldn't "be surprised if participants waited
until closer to 1PM to setup after the extreme volatility the market has
experienced this week. Of note today's auction is setting up to be underwritten
at the highest yield since January 2014."

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