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Sources talk of a "general expectation......>

US TSYS: Sources talk of a "general expectation for conclusive break above 2.40%
in 10s, perhaps up to 2.60% in coming week(s)". Source also reports that there
were big bids/offers on the TY contract yesterday but volumes not that great. He
concludes that there is a lot of interest at these market levels but not acting
forcibly yet.

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