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TY Breaches Post CPI Highs

US TSYS

TYZ3 has breached its post CPI highs and now sits at 110-04+, +0-04, a touch off the top of the 0-06 range. Resistance comes in at 110-10, the 20-Day EMA. The move higher has come alongside pressure on the USD and US Equity futures firming. This leaves cash tsys 1-2bps richer across the major benchmarks, the curve has bull flattened.

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