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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin tonight with the technical developments in the wake of today’s declines (page 1) followed by a look at the very strong demand for two year notes at auction (page 2). We then recap today’s new home sales data (pages 3 and 4) and how home affordability has shifted (page 5). We then take a look at the latest PMI data (page 6) and update our Five Fed Manufacturing Composite (page 7).
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