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Little bit of a bounce last minute.....>

US TSY FLOWS
US TSY FLOWS: Little bit of a bounce last minute after paring gains since top of
the hour -- as equities rebound. Curves little steeper, sources note fast$ and
prop acct selling intermediates, real$, bank bids below while overall volume
rather muted since the open. Incidentally -- sovereign spds, notably Italy vs.
Bunds holding near session highs -- no improvement.

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