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Tsys recede amid more selling into the...>

US TSYS/7Y
US TSYS/7Y: Tsys recede amid more selling into the 1pm ET US$28B 7Y note
auction. Cash 10Y note is at 2.317%, near the 100-day moving average of 2.312%.
- BMO analysts said on 1pm ET $28B 7-year note auction that "we're still fans of
the underlying note in the coming days" and said they "still believe there will
be some buying into month-end, but don't believe that the prospects of the
auction look quite as bright as a result of the 6 bp rally in Wednesday's
session."

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