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Yields slide after Treasury announcement with Fed decision ahead

From nasdaq.com

U.S. Treasury yields slid on Mondayat the start of a busy week that includes potentially market-moving jobs data and a Federal Reserve decision after the Treasury Department said it would need to borrow less than its previous estimates. The U.S. Treasury said late in the session that it expects to borrow $760 billion in the first quarter, $55 billion lower than the October estimate primarily due to forecasts for increased net fiscal flows and higher cash balance. The Treasury also announced it expects to borrow $202 billion in the second quarter, as it projects a cash balance of $750 billion at the end of June. ... (full story)

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  • Category: Fundamental Analysis