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Updated Barclays/Bbg Extension Estimates for US

US TSYS

Late Session Selling

FED
FED: On last night's FOMC minutes, UBS Global Chief Economist Paul Donovan
writes: "The minutes were compatible with the possibility of a March rate hike.
The Fed is raising rates to try and keep things as they are, not to change
economic direction. Markets do tend to underestimate policy moves, but two or
three US rate hikes this year should not scare investors."