May 31, 2024 13:48 GMT
Post-Chicago PMI React: Holding Gains
US TSYS
- Treasury futures holding near recent session highs after latest Chicago PMI figures come out lower than expected at 35.4 vs. 41.1 est, and weaker than prior 37.9 in April.
- Sep'24 currently trades +9 at 108-26.5 vs. 108-28.5 high, initial technical resistance at 108-31 (20-day EMA); curves flatter: 2s10s -1.170 at -39.462.
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