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Final PMI Data React

US TSYS
  • Treasury futures extend lows after higher than expected S&P Global US Mfg PMI at 52.2 vs 51.5 est.
  • Lead quarterly Jun'24 10Y futures currently at 110-06.5 (-7.5) vs. 110-005.5 low, above initial technical support at 109-25+ (Low Feb 23); initial technical resistance above at 110-26+ (20-day EMA).
  • Curves steeper 2s10s +1.690 at -35.373, 10Y yield 4.2897 (+.0395).
  • Next up at 1000ET: Flash ISM, Construction Spending and UofM sentiment/inflation expectations. KC Fed Services Activity wraps things up at 1100ET.

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