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- Local rates start the week on the front-foot, bull flattening -2.7-3.0bp in 10-30Y yields.
- Bull flattening momentum gained traction last week with the curve closing -23bp lower in the 10-30Y section of the curve.
- 10Y took out 9.20 support (26 May lows), now hovering above 9.00. Goldilocks NFP report buoyed SAGBs into the weekend.
- 15 & 30Y yields both eyeing 2018/19 supports at 10.00.