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Second Half Trade Recap

US TSY FLOWS
Yield curves holding steeper but slightly off midday highs (5s30s +4.07 at 70.75 -- steepest since late November.
  • Contributing flow in addition to large 5Y Block buy, trading desks report two-way in short end with foreign real$ selling 2s, domestic real$ buying 3s vs. leveraged acct selling.

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