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Odeon US interest rate strategist John......>

US TSYS
US TSYS: Odeon US interest rate strategist John "Rocket" Spinello noted that
today's US economic "data is limited to Markit Manufacturing PMI, Services and
Composite PMI." 
- He adds that the Treasuries "technical setup" is "mixed with oversold 2-yr,
neutral 5-yr, positive 7-yr/10-yr, overbought 30-yr, neutral TYA (10Y Tsy
futures) and positive USA (Tsy Bond futures). Yield curve action continues to
distort the technical setup, with narrow ranges flipping bias from day to day.
Some corrective steepening continuing this morning," 
- He projected a 10-yr note "support zone at 2.365%/2.378% retracement/trend
support zone. Resistance is found at 2.315%/2.30% retracements/BB extreme for
trading sales and day shorting." He prefers to sell "strength into week's highs
while eyeing 2.40%+ for purchases." (Cash 10-year note is currently at 2.335%.) 

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