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Holding Off Lows For Moment

US TSY FLOWS
Tsy futures holding off recent session lows, weighing hawkish ECB Lagarde comments after steady rate annc. Trading desks reporting:
  • Leveraged money sold 3s-7s in a couple waves, some flattener unwinds from prop and fast$ in 2s-5s vs. 10s.
  • Earlier program selling after BoE rate annc followed by foreign and domestic real$, bank portfolio selling 10s-30s
Currently, 2-Yr yield is up 2.8bps at 1.1819%, 5-Yr is up 4.1bps at 1.649%, 10-Yr is up 5.7bps at 1.8324%, and 30-Yr is up 6.5bps at 2.1733%.

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