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Odeon Capital technical strategist John.....>

US TSYS
US TSYS: Odeon Capital technical strategist John Spinello said the Treasuries
"technical setup" is "oversold on all. The negative setup has market poised for
higher rates but not without corrective activity. The seasonal rising rate cycle
will have the market in sell strength mode as we attempt to measure strength
derived by overbought bounce, and next week's month-end along with supply of
2-yr/5-yr/7-yr auctions."
- He projects cash 10-year note "support zone at 2.50%/2.525% at multi-month
high yield/3-sigma extreme" and "resistance is found at 2.463%/2.44%
retracements. Expecting more consolidation into the long weekend as we continue
trade, with all at oversold extremes buffering downside."

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