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Holding Near Lows as Cleveland Fed Mester Continues

US TSY FUTURES

Treasury futures holding near recent session lows, TYM3 currently -12.5 at 112-07.5, vs. 112-05.5 low, as Cleveland Fed Mester continues on CNBC interview, espousing higher funds rate then holding "for a bit" after this morning's PCE data "SUGGESTS MORE WORK TO DO, Bbg. Curves remain flatter, but off deeper inversion: 2s10s currently -6.147 at -77.909 vs. -78.792.

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Treasury futures holding near recent session lows, TYM3 currently -12.5 at 112-07.5, vs. 112-05.5 low, as Cleveland Fed Mester continues on CNBC interview, espousing higher funds rate then holding "for a bit" after this morning's PCE data "SUGGESTS MORE WORK TO DO, Bbg. Curves remain flatter, but off deeper inversion: 2s10s currently -6.147 at -77.909 vs. -78.792.