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US 2s/10s flattest since 12/02

US TSY FLOWS
  • US 2s/10s, now lowest (flattest) since 12/02, as the long end continue to outperform since the EU open.
  • The early price resumed to the upside, most likely driven by more short covering, squaring, one of the cause for the rally in the past few sessions.
  • Further flattening bias will open to 100.4421


Chart source: Bloomberg

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