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Traders said that while narrowly............>

US TSYS: Traders said that while narrowly mixed/flatter on the day, the
Treasuries market is being held up as some accounts may eye slim success
prospects for the House GOP tax reform proposal, which was expected Wed but
since delayed to Thursday. But such tax plan could be promising, and their
doubts could turn out to be wrong, said some traders, who expected the Tsys
market thus needs to reprice lower from recent levels if that tax reform
momentum happens and aids economic growth. 
- "We have softened after the month-end buying," said one trader. "And these
economic data points are just solid," so Treasuries "are higher than they should
be" as not pricing in such economic growth, he added. "Meanwhile stocks are
charging forward on earnings and economic growth." 
- Some foreign buyers meanwhile are biding their time and hoping to step in at
higher yield levels. It's thought that the mild sellers today are more US
accounts than otherwise, some said.

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