A.M. Look 1/5/17

T-Note/ European ten yr. correction, coupled with the bottoming action in the Yuan

has made life difficult for Dollar bulls over the past 2 sessions.

I’m not looking for much more of a correction in the spreads.

We’re seeing a little back and fill off the technical resistance in the Spu’s.
Let the Data play out and pay attention to the early flow when New York equities open.

Bund...German 10 yr.

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BTP...Italian 10 Yr.

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