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Post-Data Bounce

US TSY FUTURES
In delayed fashion, Tsy futures climbing off opening session lows after Durable Orders came out weaker than expected (+0.5% vs. +2.5% est). Ultra-bond just now in the green, 30Y Bond steady.
  • Rather decent volume at the moment (TYM1 > 460k) while markets settle in ahead flurry of staggered Fed auctions: $60B 2Y note and $54B 26W bill auctions at 1130ET, $61B 5Y note and $57B 13W bill auctions at 1300ET, front ended to avoid Wed's FOMC annc.

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