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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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