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Bonds Extending Lows


Treasury 30Y Bond futures, USM3, continue to extend lows in the lead-up to the NY session open, unwinding a small portion of last two session' rally. USM3 currently trading 124-21 (-22), with 30Y yield rising to 3.9218% high.
Bonds dragging 5s-20s lower as well while June'23 2Y futures remain firm amid position unwinds ahead of Friday's key employment data (+225k est vs. +517k prior).
June'23s 2Y futures currently +1.25 at 101-11.62, 2Y yield at 5.0473% (-.0228) after breaching 5% this week for the first time since mid-2007:


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