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US ISM Manufacturing Hits Nine-Month High of 49.3, Above Est.

2 year Treasury bill spikes 2 bps on the back of stronger ISM manufacturing numbers. The ISM figure hits a 9-month high at 49.3, which is just shy of the expansion level of 50.

Drilling into the USD index and specifically EURUSD, bias is tilted slightly to the upside following the release but we should expect a USD dominance in the next hour.

US 2 YEAR TREASURY

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