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Post-FOMC React: Tsys Gap Higher, Fed Acknowledges Inflation Easing

US TSYS

Tsy futures gap higher/extend highs well past pre-NFP levels after Fed held rate steady but acknowledges inflation is easing. Tsy March'24 10Y tapped 111-18 high (+1-00.5), 10Y yield falls to 4.0768% low -- last seen on September 1.
TYH4 futures through initial technical resistance of 111-09.5 with focus on 111-19, 1.236 proj of the Oct 19 - Nov 3 - Nov 13 price swing.

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