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TYZ2 Plateaus After Clearing Resistance

US TSYS
  • Cash markets closed for Thanksgiving but TYZ2 trades 14 ticks higher at 113-12+, off a session high of 113-15 that saw it clear resistance at 113-11 (Nov 16 high) to open the key 113-30 (Oct 4 high).
  • The bulk of the move came through early London hours after a more muted Asia session following the FOMC minutes, before levelling off with a beat for German Ifo at 0400ET.
  • It has since plateaued for a few hours, awaiting new drivers for a further continuation of the technical uptrend amidst unsurprisingly very thin volumes.

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