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Overnight Bond Support Evaporates

US TSYS

Yield curves bear steepening in early NY trade as overnight support (risk-off on Covid and Manchin/BBB headlines) evaporates. Bonds trading weaker now, 5s30s +4.0 to appr 67.0. Tsy 10Y volume leads with over 470k at moment. No obvious headline or Block/cross drivers as yet.

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