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Nearing Technical Support

US TSY FUTURES
  • Decent two-way flow, Sep'23 10Y futures swinging between 111-27 to 111-21 (-15.5), shy of initial support of 111-17+ (Low Jul 25), opens scope for a deeper retracement to 111-11, the 61.8% retracement point.
  • Curves have pared back from steeper levels, 2s10s currently -0.360 at 99.255 vs. -95.959 high.

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