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Post CPI Revisions React

US TSYS
  • Tsy futures gap off near 8-week lows following slight delay after BLS released recalculated seasonally adjusted indexes and adjustment factors for Jan'19-Dec'23.
  • Still well below initial technical resistance, Mar'24 10Y futures trade +8.5 to 111-00.5, focus on 111-16 (20-day EMA) followed by 113-06+ (High Feb 1).
  • Curves mildly flatter now: 2s10s -0.063 at -30.480, 10Y yield 4.1230% low vs. 4.1812% overnight high.

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