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Post-Factory Orders, JOLTS Job Openings Data React

US TSYS
  • Treasury futures continue to extend gains after lower than expected JOLTS Job Openings (8.059M vs. 8.350M est, 8.488M prior) -- lowest since Feb 2021.
  • Meanwhile, Factory Orders little stronger (0.7% vs. 0.6% est, 0.8% prior rev), Ex Transportation (0.7% vs. 0.5% est, 0.4% prior rev); Durable Goods Orders in-line/firmer (0.6% vs. 0.7% est), Ex Transportation (0.4% vs. 0.4% est); Cap Goods Orders Nondef Ex Air softer (0.2% vs. 0.3% est).
  • Sep'24 10Y Treasury futures, TYU4, climbed to 110-02.5 (+16) high, pares move slightly to 110-02 last -- just through technical resistance at 110-02.5 (1.0% 10-dma envelope), focus on 110-09 (High May 16 and the bull trigger).

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