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Post-Chicago Business Barometer Reaction

US TSY FUTURES

Knee jerk bid in 10s after Chicago PMI came out lower than expected - contractionary w/ sub-50 business barometer read of 45.7 vs. 52.2 in August. Inside session range, Tsys remain up on day but scaling back support, yld curves remain flatter:

  • 3M10Y -9.483, 36.86 (L: 32.971 / H: 44.828)
  • 2Y10Y -5.204, -46.507 (L: -49.174 / H: -41.718)
  • 2Y30Y -2.817, -50.294 (L: -53.878 / H: -48.286)
  • 5Y30Y +0.807, -28.696 (L: -32.907 / H: -28.258)

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