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Late Session Selling

US TSYS

Well off midmorning highs, 30Y bond continues to trim gains as they near opening session lows, yield curves moderately flatter but attempting to bounce last few minutes as support evaporates. Latest Fed Chair comments from ECB virtual Forum:

  • POWELL: NOT SEEN LABOR MARKET SCARRING FEARED EARLY IN PANDEMIC Bbg
  • POWELL: INFLATION IS HIGH WHILE LABOR MARKET HAS SLACK, Bbg

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