Monday Run Down

France has 6.5B euros in paper coming out. Italy is placing some Bills. Uncle Sam has T Bills and 3 year notes for you dining and dancing pleasure. A concession peeked through the markets on Friday in an abbreviated set up.

The current 3 year is at 35bp. The 5 year TIP is -.91.

3 month LIBOR set at .54 with the contract for March 2012 at 63/62.

We are looking to lean against the bond classic in the low 142's with 142.11 stop risk.

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