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Citi Look At Positioning Movement Ahead Of Risk Events

US TSYS

Citi suggest that “curve positioning continues to feel cleaner with many steepeners cut in the past few weeks, so although "higher for longer" is still a persistent theme, it should take stronger data to cause more immediate front end capitulation and the market may be more prone to steepening bouts like we had Friday. Positioning squaring ahead of a busy data calendar and Powell's testimony should continue.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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