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*** Recap of futures steepener.......>

US TSY FUTURES
US TSY FUTURES: *** Recap of futures steepener block recap from overnight,
adding to Thu session's steepener blocks:
* total +48,000 TUM from 106-13 to 106-13.75 vs. 
* total -10,000 USM from 147-09 down to 147-02
Question on whether they right to pile onto steepeners (or flattener unwinds)
remains to be seen.

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