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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 copper’s 52-week low as the 2s10s curve made new flats for the cycle. We also show the lag in the drop in mortgage rates compared to bond yields. Next, we show just how much investors have flocked to defensive sectors this year before finishing with a review of today’s manufacturing data including durable goods and our Five Fed Manufacturing Composite.
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