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Steeper To Start

US TSYS

The aforementioned risk-positive news developments evident over the weekend (although at least some of the matters should be assessed as generating no more than guarded optimism, as we have flagged) have resulted in some bear steepening pressure early this week, with 30s 1.2bp cheaper than closing levels in cash Tsy trade. T-Notes are off of worst levels, last -0-04 at 137-31, with little in the way of fresh headline flow evident since the re-open and e-minis off of best levels.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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