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TY Downside In Focus As Bear Trigger Hit

US TSYS

10-Yr yields last trading 1.2719%, briefly hitting a post-March 2020 high of 1.2753% as the long end remains under pressure.

  • TY futures breaking down as well, with a drop through the bear trigger level identified by our tech analyst at 136-01, the Jan 12 low (traded as low as 136-15; last 136-00).
  • If this break is held, our tech analyst notes this "would reinforce the bearish theme and confirm a resumption of the downtrend that started in August 2020", opening a move to next support at 135-25+.

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