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Post-Durables/Cap Goods React

US TSYS
  • Treasury futures briefly extended session lows slightly after Durable Goods Orders beat expectations by a wide margin (prior revised slightly more negative) -- have rebounded to modestly higher across the board, curves scaling back early steepening.
  • As noted earlier, heavy Sep'24 volumes (TYU4> 1M) is due to rolling to Dec'24 futures ahead of Friday's "first notice".

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