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On Wednesday BofAML noted that they "find...>

US TSYS
US TSYS: On Wednesday BofAML noted that they "find an excess of out of the money
(OTM) shorts at the frontend of the curve relative to the backend, which
indicates some propensity for bull steepening on negative data surprises. We see
the same skew in positioning for dealers and asset managers, but a rather even
distribution for leveraged funds, which likely mitigates the bull steepening
implications somewhat."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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