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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we begin with a look at the drops in commodities and rates and what forward returns could look like. We also show the results of today’s’ 2-Year Treasury Note and 5-Year Treasury Note auctions.  Turning to today’s macroeconomic data releases, we recap new home sales data for December. We finish tonight’s note with a review of regional Fed manufacturing data.

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