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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, in tonight’s Closer, we begin with a note on valuations, volumes, and a decile breakdown of today’s price action based on year to date performance (page 1). Afterward, we discuss the trade surplus figures (page 2) followed by a look at the latest inventories data (page 3). Staying on the topic of macro data, we then show the continued drop in home prices (page 4).We then recap today’s stellar 2 year note auction as well as preview the other auctions slated for this week (page 5) before finishing with a rundown of the latest positioning data (pages 6-8).
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