There is no data on the calendar for today ahead of Wednesday’sRetail Sales Data and Friday’s manufacturing numbers. Last week the demand for safe haven assets pushed 10-Year yields to break through resistance, moving the new level to 2.40%. Demand has modestly subsided today with the 10-Year currently at 2.427%, however yields continue to flirt with the new resistance level. The curve has bear steepened with 2s10s up 1.4 bps.
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