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Treasuries prices ebbed on..............>

US TSYS/10Y
US TSYS/10Y: Treasuries prices ebbed on post-auction redistribution sales after
a mixed/soft $23B 10Y auction, which tailed mildly to a 2.25% rate and drew
somewhat soft 57.9% indirects (least since 57.5% of Dec. 2016; and vs. 64.8%
July, 66.14% June) but good 6.81% directs (vs 5.75% July, 5.31% June), leaving a
relatively large 35.26% for dealers to mop up (most since the 36.5% of December
2015; and vs. 29.5% July, 28.6% June.) The bid/cover proved fairly soft too at
2.23 vs. 2.45 in July.

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