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US Tsys are on the front foot today,........>

US TSYS
US TSYS: US Tsys are on the front foot today, recovering some of yesterday's
losses late in the US session which occurred alongside the rally in stocks. 
- The weak China manufacturing PMI reading which came in at 50.0 vs exp. of 50.2
looks to have supported the space, with the 10-year future last at 119-17 and
the 10-year cash yield at 3.021%.
- The 2s-10s curve remains under pressure edging back down to yesterdays lows,
last at 21.59bps as Wednesday's gains are more than given back. The spread is
testing late-Sep lows. 
- Breakevens remain at yesterday's highs after gaining big for a second straight
day. The 10-year real yield trades back at Nov 19 lows at 1.0338%.

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