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Lowest Level Since Mid March For 2s10s

US TSYS

Post-U.S. CPI curve flattening takes 2s10s to the lowest level seen since Mar 14.

  • Those with a flattening bias will target the March low of -48.6bp.
  • A move beyond there would expose the -50bp mark, which protects the 200-DMA (-52.2bp at yesterday’s close).
  • Post-CPI repositioning will be eyed, while 10-Year Tsy supply and the minutes from the latest FOMC meeting provide the major scheduled risk events during the remainder of the day.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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