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Extending Highs Ahead Midday

US TSY FUTURES
  • Treasuries are extending session highs again after paring post Retail Sales data support, no reaction to Boston Fed Pres Collins prepared remarks that markets "SHOULDN'T OVERREACT TO MONTH OR TWO OF GOOD INF. DATA" (Bbg).
  • The Sep'24 10Y futures are currently trading +11 at 110-24 session high - focus on technical resistance at 111-01 (Jun 14 high), followed by 111-09 (April 1 high).
  • Looking ahead: more Fed speakers on tap at same time as the 20Y Bond auction reopen: Dallas Fed Logan moderated Q&A and Fed Gov Kugler on economy, monetary policy (text, Q&A).

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