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Post-ECB React

US TSY FUTURES
  • Treasury futures gaining after the ECB left rate steady, future still inside narrow overnight range with market focus on Q4 advance for real GDP/core PCE at 0830ET.
  • Mar'24 10Y futures currently +3.5 at 111-02.5. Initial technical resistance above at 111-21/112-26+ (20-day EMA / High Jan 12); support 110-26 (Low Jan 19). Curves flatter, 2s10s -1.480 at -22.055.

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