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Tsys Bounce After Lower Than Estimated Tsy Refunding Estimate

US TSYS
  • Futures pared losses after Tsy refunding est comes out appr $75B lower than estimated: $776B vs. $852B. Curves bending flatter with bonds leading bounce, 2Y10Y -.344 at -17.301. Dec'23 10Y futures currently -4.5 at 106-09 vs. 105-30 low.

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