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Bonds Climbing Off Morning Lows, Geopol Risk Trigger?

US TSY FUTURES
After holding narrow range near session lows since midmorning, futures have started to rebound in the last few minutes.
  • Take this with a grain of salt -- but knee jerk buying/short covering may be tied to Russia/Ukraine tensions after RT.com Twitter post reports a "Military personnel 'killed' after Ukrainian drone strike on the frontline in Eastern Ukraine. One person has been killed Tuesday, according to the head of the self-declared Donetsk People's Republic (DPR). (Reports), Link:
  • https://twitter.com/RT_com/status/1488559538982821894
  • Will take time to verify veracity of report. Tsy yield curves holding steeper with short end outperforming (albeit, recent +15k TUH2 Block buy contributed to move).

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