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Free AccessTreasuries appear to rebound off day's......>
US TSYS: Treasuries appear to rebound off day's price lows on technical dip
buying and also a bit on N.Korea worries. While N.Korea news (missile type
movements/preparations) came out late last NY night in NBC tweet, it was more
general preparation info, whereas latest Asahi news seems to be saying N.Korea
missile prep could have started Wed for an ICBM Hwasong launch, so this is more
specific. - Meanwhile cash 10-year note did hit a high yield on the day of
2.216%, but it has since backed off there, spurring cautious bargain-hunting. -
But there are still some trapped longs, said some traders, who need market to
move higher in price.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.