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SFR strip buyer

US
  • Looks like a strip buyer in US rates, with SFRU3 to SFRM4 testing session high, and the rest of the strip finds an underlying bid.
  • Some of the front Months volume is also spread related, after some selling pressure in the Sep/Dec spread, falling from -23.5, highest print since the 21st March, on the 28th May, the spread has traded ~7.3k outright and finding some support at -34.5.

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