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LBBW's Karl Haeling said that "with.........>

US TSYS
US TSYS: LBBW's Karl Haeling said that "with Europe and North America in peak
summer vacation mode, liquidity will be thin, and this will affect the market's
reaction to the news flow of the coming week. This situation will be magnified
by the U.K. bank holiday Monday, month-end Thursday" Aug. 31st, "and the Sep 4
U.S. Labor Day holiday."
- He also added the "calendar set-up has in turn altered Treasury's auction
schedule, as it will sell 3- and 6-month bills and 2- and 5-year notes on Monday
followed by 7-year notes Tuesday. The thinness of trading staffs during the week
contrasts with an active economic data calendar, particularly at the end of the
week when balance sheet availability will be lowest."

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