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FLASH COMMENTS


My work still strongly supports the FLASH points that I have included the past two weeks. 

The “shift” towards a hawkish Fed appears to be losing steam as it is slowly becoming clearer that the FOMC is going to need to see more progress on the full employment policy target before beginning a substantive discussion on the taper. 

In my view, there is a high likelihood that we have seen the low in long yields for now and the peak in the U.S. dollar, which...

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