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Bond Bounce, VIX Up

US TSYS

Bonds bouncing -- hard to justify the moves with concrete drivers (chatter rotates around Covid lockdown plans or lack thereof, and the BBB/Manchin headlines).

Rate markets skittish despite the robust volumes (TYH2 >540k already).
  • Perhaps lending to bounce, Traders report large sell program in equities, over 1,830. ESH2 -62.5.
  • VIX +4.0 at moment at 25.57 after tapping 27.39 high overnight

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