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Traders cited two-way flows in morning...>

US TSYS/7Y
US TSYS/7Y: Traders cited two-way flows in morning action, including mild recent
FX-tied sales in Tsys as US dollar firmed up a bit vs. yen, also ongoing curve
steepeners done too. 
- Traders eyed US and foreign/Asian/Japanese demand for the 7Y auction. "But the
only thing is that Friday is the quarter-end, and the half-year-end for Japanese
accounts," said one trader. "So, that may slow them down" a bit, he added. 
- Others eyed potential US accounts' month-end demand at the 7Y auction.

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