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Yields Lower, Market Awaits Response On Troop Attack

US TSYS
TYH4 is trading at 111-24, + 07+ from NY closing levels.
  • Tsy futures remained rangebound most of the day, before breaking the overnight highs of 111-23 and is currently holding above it. Technical resistance at 112-01+ (High Jan 17).
  • Cash yields have seen the curve move lower today trading in a 1-3bps range, the 2Y now trading 0.6bp lower, while the 10Y is currently 2.3bps lower.
  • News flow has been reasonably light so far today, with markets waiting for the US response following the attack on its troops stationed in Jordan over the weekend.
  • Data Tonight: House Price Index, Consumer Confidence, Job Openings

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