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Post Data Flood React

US TSYS
  • Treasury futures gap higher, retrace half the move after lower than expected Retail Sales MoM (-0.8% vs. -0.2% st, 0.6% prior) and Ex Auto MoM (-0.6% vs. 0.2% est, 0.4% prior). Initial Jobless Claims less than expected, however: 212k vs. 220 est, while Continuing Claims rise 1.895M vs. 1.880M est.
  • TYH4 currently +13 at 110-13.5 vs. 110-17.5 high testing Initial technical resistance at 110-16 (low Feb 9) followed by 111-02.5 (20-day EMA). Support well below at 109-17/16+ (50.0% of Oct 19 - Dec 27 climb / Low Feb 14).
  • Up next: Industrial Production MoM Capacity Utilization and Manufacturing (SIC) Production at 0915ET.

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