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“We are seeing some front-running.”
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“Some people are worried, given the recent price action and the stellar out-performance of the 30-year sector, that they are missing something and are rushing to get involved now.”
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“But some people will be keying on his comments to see whether he tries to build more of a consensus on inflation targeting.”
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“It's not surprising to see a short-covering today given we'll be tied to technical flows amid a fairly light calendar.”
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