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Post UofM Sentiment Reaction

US TSY FUTURES
  • Small bounce in Treasury futures off recent lows following slightly higher than expected UofM Sentiment at 59.2 vs. 58.0, 1Y inflation expectation lower than estimated at 4.2%.
  • Front month 10Y futures trade 112-17 (-3) vs. 112-09.5 low, yield 3.8041 -.0132. Curves remain flatter, however, 2s10s -75.792 (-4.030).

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