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Bonds and Bunds Gap Bid Post-Data

US TSY FUTURES

Lower than expected ISMs sees Tsys gap bid, extending session highs, yield curves off flats. Jun 10Y futures back to March 27 level at 115-15 (+17.5), 10Y yield drops to 4.4226% low. Through March 28 high resistance (115-07.5) focus turns to key resistance of 116-06+/117-01+ High Mar 27 / High Mar 24 and bull trigger.

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