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Back Near Unchanged Levels Ahead of Stock Open
Posted to: Micro News
Thursday, April 17, 2014 9:23 AM
Roughly 10 minutes after the Jobless Claims data, bond market losses found support just past yesterday's weakest levels. Incidentally, 10yr yields bounced very close to the 2.66% technical level that we're watching as a gauge of their ability to hold sideways or better in the short term.
MBS are back within 2 ticks of unchanged levels and 10yr yields are back down to 2.646. The bounce followed equities futures 'topping out' for the morning. They've since been relatively sideways ahead of the cash open at 9:30am.
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