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US Treasuries Secured Ssignificant Gains

US Treasuries secured significant gains yesterday in a three-stage rally. The US Treasury Department ignited the move with the publication of the quarterly refunding statement. The total increase of auction sizes in the November-through-January quarter was slightly smaller-than-expected, with a bigger-than-hoped-for pivot towards issuing shorter and medium term securities. Treasury plans to increase the auction sizes of the 2- and 5-yr by $3bn/month compared to August-through-October volumes, th...
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