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Post-Data Follow-Up, 10s Through Resistance

US TSY FUTURES
  • Treasury futures gapped higher following lower than anticipated CPI inflation metrics, front month 10Y futures breach initial resistance of 115-31+ (Apr 10high) on way to 116-08 high.
  • A bullish theme remains intact and moving average studies highlight an uptrend. Resistance at 117-01+, the Mar 24 high and a key short-term hurdle, remains exposed. A break of this level would strengthen bullish conditions, resume the uptrend and open 117-14+, the Aug 29/30 2022 high (cont).

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