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Move lower on the decent US PMI beat

US TSY FLOWS

As per Markit:

  • Flash U.S. Composite Output Index Series record high.
  • Flash U.S. Services Business Activity Index. Series record high.
  • Flash U.S. Manufacturing PMI Series record high.
  • Flash U.S. Manufacturing Output Index 4-month high.

US 10 Treasuries fades from their best level, now trading at the lower end of the range at 132.15+

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