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Oil falls, Bonds rally

CROSS ASSET
  • WTI continues to push lower, now through $104, on report that President Joe Biden is expected on Wednesday to call for temporarily suspending the 18.4-cents a gallon federal tax on gasoline, a source briefed on the plan told Reuters.
  • Recession fears are also at play for Oil, and noted in the bids in Government Bonds, US Treasuries and EGBs.

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