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Whippy Post-Data Trade

US TSY FUTURES

ADP private employment gain of +128,000 large miss vs. +300,000 estimate. Knee-jerk bid in Tsys quickly sold into, but rallying again -- perhaps due to gap bid in crude after OPEC+ headline group "may decide on July and Aug hikes today". Brent gapped from just below 116.0 to 119.0.

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