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Tnotes make a fresh low

  • US Tnote is through yesterday's low, with over 4k just so;d.
  • Initial support is still seen at 129.08.
  • TYH2/Bund spread moves 3bps wider, ahead of next resistance in the spread at 178.88bps, now at 177.5.
  • This will keep the USDJPY underpinned.

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