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T-Notes took a dive on the back of..........>

US TSYS
US TSYS: T-Notes took a dive on the back of aforementioned headlines re: NY Fed
President William's speech. NY Fed clarified that William's remarks were
academic & based on research rather than about potential action at the next
policy meeting. The speech, in which Williams called for urgent action from the
Fed, put a bid into Tsys late on Thursday. T-Notes last trade -0-03+ at 127-17,
slightly above reaction lows.

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