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On the Move, Continued Weakness

US TSY FUTURES
Tsy futures extended session lows last few minutes, 10s break channel support of 133-17 that had provided support a number of times since April.
  • A clear break lower would highlight an important reversal. Bulls will be looking for the channel to hold and for price to extend the recent climb, initially towards 134-19+.
  • Yield curves not surprisingly bear steepening:
    • 3M10Y +2.44, 125.725 (L: 121.604 / H: 125.893)
    • 2Y10Y +1.782, 109.298 (L: 106.499 / H: 109.467)
    • 2Y30Y +1.835, 171.073 (L: 167.876 / H: 171.141)
    • 5Y30Y +1.118, 113.774 (L: 111.677 / H: 113.866)

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