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Trimming Gains, Powell on Tapering

US TSY FUTURES

Rates seeing some sell pressure after climbing to session highs last few minutes. Fed Chair Powell Q&A continues, regarding QE tapering:

  • "TO SOME EXTENT WHAT WE ARE GOING TO DO ON QE SHOULD ALREADY BE BAKED INTO MARKETS" Bbg
  • while the Fed strives to be "TRANSPARENT SO MKTS INCORPORATE TAPER FORM, TIMING" Bbg

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