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Post-Data React: Post ECB Support Reverses

US TSY FUTURES
  • Treasury futures reverse the post-ECB policy announcement rally, extend lows after higher than expected PPI Final Demand MoM (0.7% vs 0.4% est), YoY (1.6% vs. 1.3% est) and Retail Sales Advance MoM (0.6% vs. 0.1% est, 0.07% prior), while weekly claims dip to 220k vs. 225k est.
  • Dec'23 10Y futures fall from 110-07 high to 109-24 low, 109-25.5 last (-7). Initial technical support at 109-03 (Low Sep 13) followed by 109-00 Round number support.

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