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Post-Factory Orders, Durables, ISMs Reaction

US TSY FUTURES
  • Fast two-way trade on decent volumes as rates see-saw near lows before drawing bid just now (TYU3 110-12 vs. 110-05.5 low) after latest round of data: Factory Orders in line with est at 2.3% vs. 0.3% prior, Durable Goods Orders 4.6% vs. 4.7% est. As to ISMs, Services Index little softer than estimate: 52.7 vs. 53.1, while Prices Paid climbs to 56.8 vs. 54.1 prior, the highest in four months.
  • Curves maintain steeper profiles: 3M10Y +9.511 at -127.134, 2Y10Y +7.284 at -73.263.

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