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Off Recent Lows Ahead Housing Data

US TSY FUTURES
  • Treasury futures still modestly weaker but rebounding after extending lows ahead this morning's Building Permits and Housing Starts data at the bottom of the hour.
  • Sep'24 10Y futures, TYU4 currently -2 at 111-08.5 vs. 111-05 low. Technical resistance at 111-13+/17+ (High Jul 16 / 1.382 of Apr 25-May 16-29 swing); support well below at 110-15+/110-03 (20- and 50-day EMA values).

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