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Positioning and Data Deliver Double Whammy For Bonds

Positioning and Data Deliver Double Whammy For Bonds 

 
 
 There were no whammies last week as bonds drifted sideways to slightly stronger in a narrow range.  The new week/month began with an unpleasant double whammy, unfortunately, due to positioning and economic data.  Traders began selling in waves right out of the gate.  The first two waves (8am and 8:20am) were best explained by traders closing out la...
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