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Post-Claims, Philly-Fed Mfg React: Tsys Gap Bid​

US TSY FUTURES

Treasury futures gap higher post data, Philly Fed MFG index (-31.3) well below est (-19.3). Treasury 10Y futures surpass Wednesday high to 114-25 (+19), yield slips to 3.5356% low. Initial firm resistance is at 114-30, the 20-day EMA. A break of this average is required to ease the current bearish threat.

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