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Surprising turnaround in the US bond...>

US TSY/RECAP
US TSY/RECAP: Surprising turnaround in the US bond market in the NY session with
Tsy futures giving back most of the post-FOMC gains and the curve steepening
sharply. A bounce in breakevens helped yields recover but real yields have risen
back to Tuesday's levels. The ongoing collapse in oil prices was largely ignored
amid likely risk-parity acct unwind.
- Its a full data docket today with PCE, durable goods, spending and income
data, and consumer confidence data all due. 
- Tsy ylds: 2Y 2.671%, 5Y 2.668%, 10Y 2.807%, 30Y 3.048%.

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