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Pulling Higher, Ylds Moving Back in Range

US TSY FUTURES
Bonds extending pre-open highs at the moment, albeit on modest volumes (TYU1 just over 210k), back to mirroring equities with SPUs gaining as well (ESU1 4275.0).
  • Not headline driven -- more positioning related trading desks say, 10YY moving back near last week's level of 1.495-1.50% before climbing to 1.54% Friday.
  • Muted trade from sidelined desks ahead Fri's headline June NFP (+700k est vs. +559k prior). Modest deal-tied selling on supra-sovereign issuance, light option related flow as well.

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