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Still A Touch Softer, No Reaction To Verizon Jumbo Deal

US TSYS

E-minis have ticked higher, although the moves are limited in terms of the broader picture, but are managing to keep the previously flagged bear steepening of Tsys in play in the wake of the passage of the COVID relief Bill and ahead of todays 30-Year supply. T-Notes sticking to a very narrow 0-03 range, last -0-01 at 132-16, with 30s still providing the weak point on the cash curve, trading ~2.0bp cheaper on the day at typing. No impact re: Verizon kicking off a jumbo 7-tranche round of issuance.

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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