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Belated Rally To Session Highs On Equity Slide, TY Pauses As It Nears Resistance

US TSYS
  • After looking through the first part of the leg lower in US equity indices, the further slide has seen Treasuries push new session highs across the curve and trade 5-8bps richer across the curve.
  • TYH4 has just touched a high of 112-27+, for now stopping just shy of resistance at 112-28+ after which lies 113-12+ (both Fibo projection points).

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