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The kink is gone? For the moment.....>

US TSY FUTURES
US TSY FUTURES: The kink is gone? For the moment it seems. After Wednesday's
crazy price action (grudging rise in Tsy ylds in face of one-way risk aversion
that gave way to full on rout in long end Tsys well after the NY close (rumored
fund blowout/position unwind and/or Middle East accts selling Tsys. Jun 30Y hit
first breaker of 183-17 a little after 0512ET and receded, currently back near
highs. Ylds still well off last Friday's all-time lows (10YY at 0.6908% vs.
0.3228% on 3/9; 30YY at 1.2258 vs. 0.6987% on 3/9). Yld curves bull flattening: 
* 3M10Y  -6.967, 37.751 (L: 21.357 / H: 40.902)
* 2Y10Y  -6.612, 27.597 (L: 26.042 / H: 36.888)
* 2Y30Y  -5.637, 80.804 (L: 74.395 / H: 88.231)
* 5Y30Y  -1.501, 66.973 (L: 59.364 / H: 70.431); Current futures levels:
* Jun 2-Yr futures up 7.875/32  at 110-9.75 (L: 110-00.125 / H: 110-11.375)
* Jun 5-Yr futures up 25/32  at 125-3 (L: 124-00.5 / H: 125-05.75)
* Jun 10-Yr futures up 1-15/32  at 138-27.5 (L: 136-24 / H: 138-31)
* Jun 30-Yr futures up 3-0/32  at 183-17 (L: 177-20 / H: 183-30)
* Jun Ultra futures up 3-01/32  at 223-13 (L: 215-17 / H: 227-09)

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