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June T-bonds closed up 17/32's at 151-01.

June T-bonds closed higher on Friday as it extends this month's rally above the 50-day moving average crossing at 149-20. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this month's rally, February's high crossing at 152-12 is the next upside target. Closes below the 10-day moving average crossing at 148-29 would confirm that a short-term top has been posted. First resistance is today's high crossing at 151-06. Second resistance is February's high crossing at 152-12. First support is March's low crossing at 145-26. Second support is weekly support crossing at 143-25.

June T-notes closed up 40/32's at 124-170.

June T-notes closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are overbought neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, February's high crossing at 125.045 is the next upside target. Closes below the 20-day moving average crossing at 123.231 would temper the near-term friendly outlook. First resistance is Wednesday's high crossing at 124.230. Second resistance is February's high crossing at 125.045. First support is March's low crossing at 122.205. Second support is December's low crossing at 122.000.

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