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Post-March FOMC Minutes React

US TSY FUTURES
  • Treasury futures show muted initial reaction following March FOMC minutes release, a unanimous 25bp hike revealed, while "MANY OFFICIALS LOWERED PEAK FED FUNDS ON BANK STRESSES.
  • Bonds still weaker but scaling back losses (USM3 -11 at 132-010 vs. 131-15 low)., yield curves steeper, 2s10s +3.242 at -56.591.

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