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BMO analyst Ian Lyngen noted the US...>

US DATA REACT
US DATA REACT: BMO analyst Ian Lyngen noted the US pending home sales "were
better-than-expected in June at +1.5% MoM vs. -0.7% May an +1.0% consensus. The
YoY level was unchanged however at +0.7%, so by no means an 'exciting' number
for the market."
- He added that "earlier, we saw Chicago PMI disappoint at 58.9 July vs. 65.7
June and 60.0 consensus. The price action in the Treasury market has been muted,
if for no other reason than a classic slow-summer-Monday dynamic. We're still
open to month-end buying to support the market ahead of the close."

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