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Traders expected the 2Y note.........>

US TSYS/SUPPLY
US TSYS/SUPPLY: Traders expected the 2Y note auction will be "right on the
screws" with potential US and foreign (Asian,Jpn, China) bid. "I would not be
surprised to see an Asian bid," said one trader. 
- Traders projected a 1.344%-1.345% rate at the auction. 
- Some noted that summer liquidity could hurt the demand, but others said the 2Y
note does not have enough duration to be really hurt.

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