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Delayed Post-Auction Selling

US TSYS
Tsy futures continue to pare gains, slight delay after 5Y auction tail (1.263% high yield vs. 1.257 WI), yield curves off lows, 5s30s steeper: +1.043 at 64.601. Volumes remain light, TYH2 just over 400k.
  • Equities little weaker after making new all-time highs (ESH2 4797.75) mid-morning, currently trading 4778.0.

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