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The space has seen some modest cheapening since our previous bullet, most recently aided by a ~2K screen seller of TYZ1 futures, pushing the contract to new session lows, trading -0-05 at 131-20+ at typing (just above Monday's low of 131-19+). There hasn't been much in the way of notable headline flow to observe, although crude oil futures have continued to move higher, adding some pressure to the space.