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US Tnotes breaks the initial resistance

BONDS
  • TYM4 breaks 109.09+, the printed high post US NFP, but as already noted, in terms of Yield the 10yr is already at a 1 Month low, lowest since the 10th April CPI.
  • Looking at outright futures, TYM4 was trading at 109.22+ pre US CPI on that day.
  • The 10yr Yield was circa 4.3557%, which today would be around 109.25.

Chart source: MNI/Bloomberg.

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