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Post-Durables React

US TSY FUTURES
  • Muted react so far to slightly larger drop in Jan durables new orders (-4.5% vs. -4.0%; Dec revised +5.1%), USH3 had already bounced off pre-open lows.
  • Yield curves steepening w/short end recovering, 2s10s +1.512 at -86.142.

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