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Consolidation Mode But Remains Bearish


Fails To Hold Onto Thursday’s High


'Big Tech' Bill Goes To Senate


Oil Up For Fifth Week On Supply Disruption, Geopolitics

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The space followed U.S. Tsys away from intraday cheaps a couple of hours ago but has lacked much in the way of impetus since then, with broader macro headline flow light and no other meaningful catalyst making itself apparent. That leaves YM +0.5 and XM +8.5 at typing. The previously flagged outperformance of the 10- to 12-Year area of the cash ACGB curve remains evident, while 3-Year EFPs have seen a modest widening bias creep back in.