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Traders eyed the recent decline in.....>

US TSY FLOWS: Traders eyed the recent decline in Tsys, which appears tied to
FX-tied sales by black boxes as US$ improved vs yen a bit. But some noted "early
this morning, some real money guys tried pushing on the back end Tsys, to see if
they could push it down. Once they released, the market went up." Could this
bunch be trying again on that position? Nope, it's not such real money accounts
trying again, said one trader. "It's all about this futures selling," said the
- Meanwhile European accounts heading out could have taken some steam out of the
safe-haven uptrade, as some who only carry day positions could have exited. It's
likely - barring external circumstances -- that the market will stay around
current mildly higher levels into the close. Some who just covered post-FOMC
shorts today don't want to have to exit so soon.

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