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Poised to Extend Session Highs Post-Beige Book

US TSY FUTURES
  • Treasury futures are poised to extend recent session highs following the release of Fed's Beige Book that showed "overall economic activity expanded slightly, on balance, since late February. Price increases were modest, on average."
  • Jun'24 10Y futures trade 108-06.5 (+17) vs. 108-07 high, yield 4.5771 (-.0903). Initial technical resistance well above at 108-25.5 (High Apr 12).
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  • Treasury futures are poised to extend recent session highs following the release of Fed's Beige Book that showed "overall economic activity expanded slightly, on balance, since late February. Price increases were modest, on average."
  • Jun'24 10Y futures trade 108-06.5 (+17) vs. 108-07 high, yield 4.5771 (-.0903). Initial technical resistance well above at 108-25.5 (High Apr 12).