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Leaning flatter

US TSY FUTURES
  • US 2/10s are once again flatter, and it has been a real mixed price action, at least since the 21st of June
  • The spread has been confined in a 118.522/127.279 since that date.
  • Today's range is 122.683/120.482 (high/low).
  • Initial support is seen at that lower part of the range that we printed yesterday at that 118.522 level.
  • Some noted short term short cover post IJC, given the lack of momentum.
  • Jobless was mixed, pretty much inline, while continuing claims were a small miss.

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