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A reasonably quiet week from the public sale calendar picks up subsequent week within the US with the US treasury promoting 2, 5, and seven 12 months notes:
- $44 billion of two-year notes on August 23
- $45 billion of 5 12 months notes on August 24
- $37 billion and seven 12 months notes on August 25
US 5 12 months yield
US yields are decrease at the moment. The 5 12 months word is buying and selling at 2.996%, that is down 5.5 foundation factors on the day. Wanting on the hourly chart, the transfer to the draw back examined its 100 hour transferring common at 2.976%. Just under that stage is a 38.2% retracement of the transfer up from the latest swing low from August 10 at 2.971%.
Holding the technical ranges could possibly be a catalyst for a rotation again to the upside
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