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Monday, June 14, 2021

The demand for bonds is relentless. 10-year yields near the May low

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Yields fall to fresh session low

Yields fall to fresh session low

The 30-year auction tailed but it couldn’t take the broader bid out of bonds. Now we’re at fresh session lows in 10s and on the cusp of breaking the May intraday low. Yields have now fallen 17 basis points in six days despite a high CPI print.

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