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Yield Curves Bear Steepening

US TSY FUTURES

Bonds gap lower after the opening bell, currently back to early May 18 levels (USU 138-24), 30YY climbs to 3.0722% high, yield curves bear steepening: 2s10s +4.083 at 29.881, 5s10s +.974 at 2.840. Back from extended holiday weekend, markets re-pricing more 50bp rate hikes as prospect for higher inflation lasting longer persists.

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