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Post-Data React

US TSYS
  • Treasury futures trade higher after the latest PCE data comes out in-line to slightly higher:
    • PCE Deflator MoM (0.3% vs. 0.3%), YoY (2.7% vs. 2.6% est, 2.5% prior)
    • PCE Core Deflator MoM (0.3% vs. 0.3% est), YoY (2.8% vs. 2.7% est, 2.8% prior).
  • Jun'24 10Y futures trade up to 107-27.5 hig before paring rally to 107-21 (+9.5), 10Y yield 4.6630% (-.0410). Initial technical resistance at 108-18.5 (20-day EMA).
  • Meanwhile, Personal Income (0.5% vs. 0.5% est, 0.3% prior), Personal Spending (0.8% vs. 0.6% est, 0.8% prior), Real Personal Spending (0.5% vs. 0.3% est, 0.4% prior).
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  • Treasury futures trade higher after the latest PCE data comes out in-line to slightly higher:
    • PCE Deflator MoM (0.3% vs. 0.3%), YoY (2.7% vs. 2.6% est, 2.5% prior)
    • PCE Core Deflator MoM (0.3% vs. 0.3% est), YoY (2.8% vs. 2.7% est, 2.8% prior).
  • Jun'24 10Y futures trade up to 107-27.5 hig before paring rally to 107-21 (+9.5), 10Y yield 4.6630% (-.0410). Initial technical resistance at 108-18.5 (20-day EMA).
  • Meanwhile, Personal Income (0.5% vs. 0.5% est, 0.3% prior), Personal Spending (0.8% vs. 0.6% est, 0.8% prior), Real Personal Spending (0.5% vs. 0.3% est, 0.4% prior).