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June T-bonds closed up 31/32's at 142-08.

June T-bonds closed higher on Wednesday as it extends the rally off last Friday's low. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 142-16 would confirm that a short-term low has been posted. If June renews the decline off April's high, February's low crossing at 141-14 is the next downside target. First resistance is the 20-day moving average crossing at 142-16. Second resistance is the 50-day moving average crossing at 143-29. First support is last Friday's low crossing at 140-05. Second support is weekly support crossing at 140-03.

June T-notes closed up 145-points at 119-105.

June T-notes closed higher on Wednesday and above the 20-day moving average crossing at 119-072 confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends today's rally, the 50-day moving average crossing at 119.298 is the next upside target. If June renews the decline off April's high, weekly support crossing at 117.180 is the next downside target. First resistance the 50-day moving average crossing at 119.298. Second resistance is the reaction high crossing at 120.180. First support is last Thursday's low crossing at 118.105. Second support is weekly support crossing at 117.180.

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