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China bouncing back, BoE holding back, Treasuries kick higher

NAB Morning Call

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Bond Yields - Over 4% for 10 Years?

The manufacturing ISM was a little weaker than expected at 47.7. The price paid sub-index in the ISM 51.3 is up from 44.5. That's the first time that's been back up in expansion of territory. So, you know, so pointing towards a little bit of resurgent inflationary pressure in that sector.

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