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Post FOMC React

US TSYS
  • Fast two way again - Tsy futures remain bid but are swinging in a 14bp range after the FOMC annc'd steady rate, acknowledging inflation has eased over the last year but remains elevated.
  • Mar'24 10Y trading +17.5 at 112-05.5, 10Y yield currently 3.98233% (-.0495). Curves off earlier highs: 2s10s +.201 at -30.266.
  • Initial technical resistance above at 112-26+ (High Jan 12)

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