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Post-Data React, ULC Surge

  • Still higher, front month Treasury futures extended session lows but bouncing again after higher than expected Unit Labor Costs (+6.3% vs. +5.5% est, near in-line weekly claims (242k vs. 240k est.
  • Jun'23 10Y futures currently at 116-08 (+11) after marking 116-03 low, Bonds trading steady at 131-28.

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