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Post-PMI React: Off Highs

US TSY FUTURES
  • Treasury futures, still well bid, have scaled back support slightly following the better than expected Chicago Business Barometer of 48.6 vs. 43.8 prior.
  • Front-month 30Y futures currently at 131-12 (+31) vs. 131-27 high, curves remain flatter (2s10s -5.277 at -60.673).
  • Short end
  • Stocks, however, continue to climb off late overnight lows, SPX Emini futures tapped 4158.0 high (+4.25).

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