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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we start tonight’s note with a discussion of the unusual price action in US Treasuries followed by a recap of today’s 2 and 5 year note auctions. We also take a look at what Apple mobility indices are implying about demand for oil and gas. Next, we compare the macroeconomic backdrop of the current situation to the 1970s. We then provide a look at the goods trade balance and inventory numbers released today. We finish with an update on speculator positioning.
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