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Looking for deeper insight into markets?  In tonight’s Closer sent to Bespoke Institutional clients, we begin with a review of tonight’s earning reports and the news out of the Treasury on tax avoidance and a global minimum tax rate. Next, we provide an update of the many records in our Five Fed Manufacturing Composite.  We then recap today’s 10 year TIPS auction and price action in breakeven and repo markets. We close out with May data from the Fed’s Financial Stability report.

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