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Post-Data Gap-Bid Quickly Reverses

US TSY FUTURES

Tsy futures surged after CPI Core miss (0.3% vs. 0.4% est), but just as quickly reverse (CPI MoM in-line with forecasted 0.5%) -- trading back near late overnight session lows at the moment. Volume surge on two-way flow, TYU >515k, yield curves bear steepen.

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