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Post-Import/Export Prices React

US TSYS
  • Paring shorts after Import prices fall 0.2% vs. -0.1 est, while Export prices recedes -0.9% vs. -0.1% est. Bonds lead move, curves flatter with short end lagging move, 2s10s -2.872 at -90.409.
  • Tsy 10Y futures -1.5 at 113-00, yield 3.7597% -.0036. The medium-term trend for 10s remains down and the latest recovery is likely part of a short-term corrective cycle; initial support at 112-07+ Low Jul 13.

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