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Post-Retail Sale React

US TSY FUTURES
  • Treasury futures gap lows, new contract lows following higher than expected Retail Sales at 0.7% vs. 0.4% est, June up-revised +0.3%.
  • Front month Sep'23 10Y futures mark 109-11.5 low (-20.5), through technical support of 109-14 (Nov'22 Low support) before bouncing to 109-17 (-15).
  • Yield hits 4.2681% high is back to 4.2424% +.0511.
  • Curves steepened post data (2Y10Y -73.802), have receded to -76.078 +2.113.

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