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Happy To Hold Narrow Ranges

US TSYS

T-Notes have been happy to meander along, last -0-01+ at 132-10+, sitting within the confines of a 0-03 range thus far, with little in the way of meaningful macro headline flow apparent. The cash Tsy curve has seen some light twist steepening, with longer dated Tsys cheapening by ~1.0bp vs. Monday's closing levels. Tuesday's 7-Year Tsy & 2-Year FRN auctions present the final issuance hurdles ahead of Wednesday's FOMC decision, while consumer confidence data headlines the local economic docket.

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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