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10Yr Future Testing Resistance

US TSYS

Jun TYs are continuing to rally in spite of stronger-than-expected macro data this morning and testing resistance at 132-09+ (session high 132-10 set just a couple of minutes ago). As our tech analyst wrote this morning, a break of that level - the Mar 25 high - would signal scope for a stronger upside correction amid a broader bearish trend. Beyond that we'd look to 132-27 / 133-00+ as next upside targets.

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