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Post-Chicago PMI React

US TSY FUTURES
  • Tsy futures draw mild buying after latest Chicago PMI came out at 44.0 vs. 44.1 prior (44.2 2023 avg). Dec'23 10Y futures holding just above steady at 106-07.5, 10Y yield at 4.8604% (-.0338). Curves maintain flatter profile: 3M10Y -5.367 at -62.277, 2Y10Y -4.625 at -20.814.
  • Cross asset summary: S&P eminis mildly weaker 4173.75 (-12.0), US$ index firmer (DXY +.314 at 106.434), Gold firmer (+5.20 at 2001.35).

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