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Large sellers in the longer end

US TSY FLOWS

Continued large selling going through in the Longer end Treasuries, with sellers in Ultras.

  • Tnotes have been sold in large volumes in the past 30 minutes or so.
  • Longer end leads with 2s10s above 59.0bp, but no real or obvious catalyst with Equity prices anchored at current levels.
  • Rising inflation expectations and odds of a stimulus package have weighted, as well as speculation that US President Trump will be released from hospital today.

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