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Nearing Key Support

US TSY FUTURES
  • Treasury futures extending session lows again, Sep'23 10Y futures marking 111-13.5 (-23), just above key support of 111-11 (61.8% retracement of the Jul 7 - 18 rally). Breach puts focus on 110-28 (76.4% retracement of the Jul 7 - 18 rally).
  • Curves inching steeper at the moment as short end lagging current sell-off in long end, 2s10s +.912 at -97.983.

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