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US TSYS/STOCKS: Treasuries chop lower again, as the US dollar firms, which spurs
FX-tied black-box selling after prior black-box buying earlier in the day. The
10-year note yield is at 2.134%.
- "It is an unwind of the safe-haven trade," said one trader, "until the next
headline," which might mean accounts would have to put back on the safe-haven
trade. Meanwhile stocks are relatively steady, near unchanged, despite lingering