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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we show how short covering dominated price action today, following up with a recap of today’s solid 2 year note auction. Next, we delve into some global trade and industrial volume data for the month of November. We then take a look at consumer outlook data from the New York Fed and the marginal propensity to spend. We close out with reviews of delinquency data and an update of our Five Fed Manufacturing Composite.
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