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Bond Expert: Tuesday Wrap
John Jansen submits: Prices of Treasury coupon securities sagged modestly today as the much ballyhooed month end / quarter end trade failed to materialize. There were several factors at work. The market has rallied 50 basis points from the high yields attained in early June and that has probably induced some discretionary selling. Dealers are especially disposed to make sales as the Treasury will announce another round of supply on Thursday. Complete Story »
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