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Cautious Start, With Data Eyed

US TSYS SUMMARY

A cautious start to Thursday for Treasuries, with overnight gains slowly dissipating despite equities weakening in parallel.

  • Mar 10-Yr futures (TY) up 3/32 at 135-27 (L: 135-26 / H: 136-02). Not much in the way of overnight drivers, with data eyed.
  • Curve a little steeper: The 2-Yr yield is up 0.6bps at 0.1089%, 5-Yr is up 0.5bps at 0.5513%, 10-Yr is up 1.4bps at 1.2838%, and 30-Yr is up 2.2bps at 2.0586%.
  • Weekly jobless claims and Jan housing starts data feature at 0830ET, with Feb Philly Fed business outlook and Jan import/export prices as well.
  • Fed Gov Brainard speaks at a climate summit at 0800ET, w Atlanta's Bostic speaking at 1000ET.
  • In supply, $65B 4-/8-week bill auction at 1130ET, and $9B 30Y TIPS auction at 1300ET. NY Fed buys ~$6.025B of 4.5-7Y Tsys.

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