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US TSYS: Holding Gains as Chairman Powell Continues

US TSYS
  • Treasury futures holding moderate gains as Fed Chairman Powell continues to discuss his outlook at University of Chicago Booth School forum, reiterating the Fed can take it's time in considering any policy changes as uncertainty out of Washington remains high.
  • The Jun'25 10Y contract trades 111-01 last (+7.5), near post-data mid-range and inside technicals: Resistance at 111-15   High Mar 5, support well below at 110-12.5/110-00 (Low Mar 6 / High Feb 7).
  • Cross asset update: Bbg US$ index inching off morning lows (BBDXY -1.45 at 1268.60); stocks weaker but bouncing off lows (SPX eminis -16.75 at 5729.50), crude firmer but off earlier highs (WTI +.70 at 67.06).
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  • Treasury futures holding moderate gains as Fed Chairman Powell continues to discuss his outlook at University of Chicago Booth School forum, reiterating the Fed can take it's time in considering any policy changes as uncertainty out of Washington remains high.
  • The Jun'25 10Y contract trades 111-01 last (+7.5), near post-data mid-range and inside technicals: Resistance at 111-15   High Mar 5, support well below at 110-12.5/110-00 (Low Mar 6 / High Feb 7).
  • Cross asset update: Bbg US$ index inching off morning lows (BBDXY -1.45 at 1268.60); stocks weaker but bouncing off lows (SPX eminis -16.75 at 5729.50), crude firmer but off earlier highs (WTI +.70 at 67.06).