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Post-CPI Data React

US TSY FUTURES
  • Treasury futures gap lower after slightly higher than expected CPI data: MoM (0.4% vs. 0.3% est), YoY (3.5% vs. 3.4% est); CPI Ex Food and Energy MoM (0.4% vs. 0.3% est), YoY (3.8% vs. 3.7% est).
  • After climbing to 109-25.5 high, Jun'24 10Y futures mark 108-22 low - through round number technical support, next level at 108-06+ (2.236 proj of Dec 27 - Jan 19 - Feb 1 price swing).
  • Heavier volume, TYM4 over 660,000, 10Y yield climbs to 4.4968%.
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  • Treasury futures gap lower after slightly higher than expected CPI data: MoM (0.4% vs. 0.3% est), YoY (3.5% vs. 3.4% est); CPI Ex Food and Energy MoM (0.4% vs. 0.3% est), YoY (3.8% vs. 3.7% est).
  • After climbing to 109-25.5 high, Jun'24 10Y futures mark 108-22 low - through round number technical support, next level at 108-06+ (2.236 proj of Dec 27 - Jan 19 - Feb 1 price swing).
  • Heavier volume, TYM4 over 660,000, 10Y yield climbs to 4.4968%.