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Bonds Break Lower

US TSYS
  • Treasury futures break lower last couple minute, yield curves steeper again as short end rates outperform. No obvious headline or block driver.
  • Extending session lows puts USM3 130-14 (-17), back to around Wednesday's FOMC release levels.
  • Jun'23 10YU futures steady at 115-03 well above initial support of 113-26 Low Mar 22.

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