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Post Durables-Data React

US TSY FUTURES
Tsy futures still bid but scaling back gains slightly following in-line to better than expected Durable Goods data (-0.2% vs. -0.3% est; ex-trans in line at 0.2%), Cap Goods +1.3% vs. +0.2% est.
  • Far enough for you? Desk notes 10YY has risen 235bp already this year - more than any full year since 1962!
  • US Tsy $44B 5Y note auction (91282CFM8) later in day, trading 83.2bp cheap to last months 3.230% stop: WI currently 4.062%.
  • Cross asset snapshot: stocks gaining (SPX +56.0 at 3726.0), Crude higher (WTI +1.25 at 77.96), Gold higher +16.49 1638.85.

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