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Looking for deeper insight into markets?  In tonight’s Closer sent to Bespoke Institutional clients, we begin by showing why recent Treasury market moves are not due to inflation fears. We also review this week’s upcoming Treasury auctions. Next, we show the massive underperformance of the Nasdaq versus the Dow.  We then show the massive outflows for clean energy, ESG, and tech funds.  Next, we review FX positioning before closing out with a recap of monthly mortgage data.

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