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Long End Bounce

US TSY FUTURES
Long end has recovered appr 50% of initial post minutes sale move, incidentally equities bouncing as well. Mkt digesting little new insight from the July FOMC minutes.
  • Morgan Stanley analysts say they "continue to expect the Fed to update its framework to include a version of average inflation targeting at its September meeting. which lays the groundwork for it to adopt forward guidance into the FOMC statement at the December meeting."

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