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Market Commentary

Updated on August 29, 2017 10:51:28 AM EDT

Yesterday’s 5-year Treasury Note auction went fairly well with a couple of benchmarks showing a decent level of investor interest. The bond market reacted positively but not enough for broad rate improvements from lenders. However, it does allow us to be optimistic about today’s 7-year Note auction. Results will be posted at 1:00 PM ET, so if there is a reaction to today’s sale it will come during early afternoon trading.
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That's the spirit!