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Treasuries recede, pressured as German......>

US TSYS
US TSYS: Treasuries recede, pressured as German Bunds decline, with talk of
sell-stops hit; also Tsys hurt as US$ firms up a bit, which spurs light FX-tied
black box sales. 
- There potentially could be some mild rate-lock hedge sale action going on too
as US high-grade corporate bonds start to ramp up their issuance action. Kookmin
Bank could do a 5.5Y bond today, Hyundai Capital may do a 3Y fixed/FRN
potentially, a 5Y fixed; Ukraine eyed a benchmark 15Y bond around 7.625%x, and
Petrobras eyed a $1.0B long 7Y and long 10Y too.

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