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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, with US bond markets closed, we take a look at international yields as well as small cap valuations relative to large caps (page 1). Next, we review the disconnect between homebuilding stocks’ price action and their macro backdrop (page 2). We follow up with a preview of this week’s Treasury auctions (page 3) then a rundown of the latest positioning data (pages 4-6).
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