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Post-Data React

US TSYS
  • Treasury futures extend lows post data, mostly in-line while Personal Consumption a little higher than est: (3.3% vs. 3.0% est), GDP Annualized QoQ (3.4% vs. 3.2% est).
  • Jun'24 10Y futures trades down to 110-17 (-11) before retracing to 110-19.5, initial technical support at 110-08+/109-24+ (Low Mar 21 / 18 and the bear trigger).
  • Additional data: Initial Jobless Claims (210k vs. 212k est), Continuing Claims (1.819M vs. 1.815M est).
  • Next up, MNI Chicago PMI at 0945ET, followed by Pending Home Sales and UofM Sentiment at 1000ET. Kansas City Fed Mfg Activity wraps up the day at 1100ET.

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