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Off Lows Ahead US Data

US TSY FUTURES
  • Front month Treasury futures had see-sawed off overnight lows to steady/mixed, have receded slightly in the lead-up to US durable/capital goods data at the bottom of the hour.
  • Sep'23 10Y futures are currently -1 at 113-06.5, yield 3.7174%; futures are consolidating and continue to trade inside the recent range. The trend outlook is unchanged and a bear threat remains present. Short-term gains are considered corrective. Initial firm resistance is at 114-00, the Jun 13 high.
  • US$ weaker, Crude under pressure (WTI -1.30 at 68.07), SPX eminis mildly higher (ESU3 +3.25 at 4373.5).

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