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LBBW's Karl Haeling said "a wide.....>

US TSYS/STOCKS
US TSYS/STOCKS: LBBW's Karl Haeling said "a wide range of factors Wednesday
combined to push Treasuries down sharply and trigger a significant rotation that
caused some U.S. equity sectors to sell-off significantly while pushing others
notably higher."
- He added Treasuries "initially fell with European bonds on reports that the UK
and EU have agreed the Brexit divorce bill, and on November German CPI data that
was stronger than anticipated. Treasuries fell further, led by long-dated
maturities on hedge pressure from Alibaba's 7-billion multi-trance bond
offering, Fed Chair Yellen's positive economic comments and slightly
stronger-than-expected U.S. third quarter GDP added to the weakness.
- He said "various US equity indices rose to fresh record highs soon after
opening, but technology shares sold off, eventually pulling the entire market
down from their early peaks. Bank and transportation shares were particularly
strong, rising 2.5% and 3.3%, respectively. By contrast, IT stocks fell 2.5%."

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