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US TSY FUTURES

Futures are bouncing now after latest duration dump to new session lows, TYH well through 50% retracement of Dec 2019-Mar 2020 rally of 134-10 to 134-01.5 low, next support 133-21: March 2020 low. Note recent 2s5s steepener block just prior to latest sell-off: short end curves continue to steepen while 5s and 10s vs 30s hold flatter.

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