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US TSYS: Treasuries saw some fast money and real money sales in the long end
earlier today, with also 2/10Y, 2/30Y and 5/30Y curve steepeners done.
- In corporates, no high-grade bond issuance today due to approaching holiday
and thin trading staff; but lots ahead for next year in issuance (see earlier
- CDX investment Grade index tightened in 0.02 bps to 49.41. Investment grade
bond spreads widened mildly Friday with utilites and materials underperforming.