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Post-Existing Home Sales, Leading Index React

US TSY FUTURES
  • Treasury futures holding near lows after Existing Home Sales came out a little softer than expected (4.04M vs 4.1M est), MoM (-0.7% vs 0.7% est), Leading Index (-0.4% vs. -0.5 est, prior up-revised to -0.3% from -0.4%).
  • Dec'23 10Y futures currently at 108-12 (-27) vs. 108-08 low, above round number technical support of 108-00, heavy volumes with 10s over 1M.
  • Yields off this morning's push to highest levels since Dec'07: 10YY currently 4.4779% vs 4.4881% high, 5YY 4.6138% vs. 4.6498% high.

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