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Curve Bull Steepens Post-Data

US TSYS

The post-data squeeze higher continues in Tsys, with yields running 0.5-5.5bp lower on the day as the curve bull steepens.

  • FOMC-dated OIS eases post-data, allowing the front end of the Tsy curve to outperform (more on that imminently).
  • TYZ3 breaches yesterday’s high, allowing bulls to look to 111-13+, the high from 11 August.
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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