December 26, 2024 18:17 GMT
US TSY FUTURES: Post-Auction Recovery
US TSY FUTURES
- Treasury futures gapped higher after the strong $44B 7Y note auction stopped 2.2bp through with high yield of 4.532% vs. 4.554% WI, indirect take-up surged to a new record high of 87.88% from 64.08 prior.
- The Mar'25 10Y contract climbed to 108-18.5 high (+0.5) before drawing some sell interest down to 108-17.5. Initial technical resistance still well above at 110-03.5 (20D EMA).
- Curves retreat from earlier steeper levels, currently mixed: 2s10s -0.607 at 24.401 (23.998 low vs. 27.611 high), 5s30s +.862 at 31.978 (30.154 low / 33.404 high).
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