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/SUPPLY: LBBW's Karl Haeling said that......>

US TSYS
US TSYS: /SUPPLY: LBBW's Karl Haeling said that "with Europe and North America
in peak summer vacation mode, liquidity will be thin, and this will affect the
market's reaction to the news flow of the coming week. This situation will be
magnified by the U.K. bank holiday Monday, month-end Thursday" Aug. 31st, "and
the Sep 4 U.S. Labor Day holiday." 
- He added the "calendar set-up has in turn altered Treasury's auction schedule,
as it will sell 3- and 6-month bills and 2- and 5-year notes on Monday followed
by 7-year notes Tuesday. The thinness of trading staffs during the week
contrasts with an active economic data calendar, particularly at the end of the
week when balance sheet availability will be lowest."

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