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June T-bonds closed up 12(32nds) at 164-20.

June T-bonds closed higher on Monday. The mid-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower pices are possible near-term. If June renews last Wednesday's decline, April's low crossing at 160-31 is the next downside target. Closes above the 10-day moving average crossing at 165-05 would temper the near-term bearish outlook. First resistance is last Monday's high crossing at 166-29. Second resistance is April's high crossing at 167-06. First support is last Wednesday's low crossing at 163-04. Second support is April's low crossing at 160-31.

June T-notes closed up 0.030-(32nds) at 129-255.

June T-notes closed higher due to short covering on Monday as it consolidates some of last Wednesday's decline but remains below the 20-day moving average crossing at 130.067. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near. Closes above the 10-day moving average crossing at 130.120 are needed to confirm that a low has been posted. If June renews last Wednesday's decline, April's low crossing at 129.020 is the next downside target. First resistance is May's high crossing at 131.065. Second resistance is April's high crossing at 131.095. First support is April's low crossing at 129.020. Second support is March's low crossing at 128.015.

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