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Weak

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INTEREST RATES

June T-bonds were higher overnight as it extends the rally off May's low. Stochastics and the RSI are neutral to bullish signaling that a short-term low might be in or is near. If June extends the aforementioned rally, the 50-day moving average crossing at 143-27 is the next upside target. Closes below the 10-day moving average crossing at 141-25 are needed to confirm that a short-term top has been posted. First resistance is the 50-day moving average crossing at 143-27. Second resistance is April's high crossing at 147-03. First support is May's low crossing at 140-05. Second support is monthly support crossing at 140-03.

June T-notes were higher overnight. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off May's low, the 50-day moving average crossing at 119.287 are needed to confirm that a short-term low has been posted. If June renews the decline off April's high, monthly support crossing at 117.180 is the next downside target. First resistance is the 50-day moving average crossing at 119.287. Second resistance is May's high crossing at 119.315. First support is May's low crossing at 118.105. Second support is monthly support crossing at 117.180.

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