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/EGBS: BA/ML said on rates that it's "too...>

US TSYS
US TSYS: /EGBS: BA/ML said on rates that it's "too little in US, too much in
Europe." They add that "lowflation has enabled bond yields to be lower than we
expected this year, but there is too little in the US curve given Fed tightening
or balance sheet reduction: stay short 3Y nominal, 10Y real."
- Meanwhile they add the "ECB may be deterred by strong EUR" and urge to "cut
Dec 18 Euribor short."

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