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Curve reverse and move steeper

US TSYS
Some reversal in US treasuries and German curve, with better selling occurring in the longer end.
  • Both country's curves are moving bear steeper, and US 5/30s corrects from a 2 months low, after flattening for 6 consecutive days.
  • Regarding rolls, TYZ0/TYH0 has traded 31k outright, and likely some also done on legs with 44k lots traded in the March contract.

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