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Interesting reaction to the strong CPI......>

US TSYS
US TSYS: Interesting reaction to the strong CPI. The old 3Y notes seeing quite a
decent amount of underperformance of the current 2Y and current 3Y. Suggests
that real money might be putting a little cash at the higher yield levels. Also,
the FV CTD is underperforming, likely faster money selling.

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