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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we start out with commentary regarding tonight’s earnings reports and Fedspeak (page 1). We follow up with a look at SPR inventories (page 2) followed by a look at the latest EIA inventory release (page 3). Afterward, we pivot over to today’s residential construction data (pages 4 – 6). We then review today’s disappointing 20 year bond reopening (page 7) before closing out with a quantitative look at the Beige Book (page 8).
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