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Front Yields See Surprising Surge On US Data

US TSYS
  • Treasury yields have pulled back back off session highs, with the 2YY at 4.09% off 4.124% but still +12bps on the day in a surprising surge following a small beat for the retail sales control group and despite larger than expected non-oil import price deflation.
  • * The front end has dragged the rest of the yield curve higher, as TYM3 sailed through support at 115-06 (20-day EMA) with a low of 114-23, currently back at 114-29. Next support would be seen at 114-18 (Apr 3 low).

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