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June T-bonds closed down 1-09/32's at 157-23.

June T-bonds posted an inside day with a sharply lower close on Friday. The mid-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, the 25% retracement level of the 2020-2021-decline crossing at 159-19 is the next upside target. Closes below the 20-day moving average crossing at 156-09 would signal that a short-term top has been posted. First resistance is Thursday's high crossing at 159-01. Second resistance is the 25% retracement level of the 2020-2021-decline crossing at 159-19. First support is the 20-day moving average crossing at 156-09. Second support is the March 18th low crossing at 153-07.

June T-notes closed down 125-pts. At 132.085.

June T-notes posted an inside day with a lower close on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off April's low, the 25% retracement level of the 2020-2021-decline crossing at 133.001 is the next upside target. Closes below the 20-day moving average crossing at 131.229 would signal that a short-term top has been posted. First resistance is the 50-day moving average crossing at 132.249. Second resistance is the 25% retracement level of the 2020-2021-decline crossing at 133.001. First support is Tuesday's low crossing at 131.120. Second support is April's low crossing at 130.255.