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Post-FHFA Home Price Index React

US TSYS
  • Limited reaction, if any after FHFA House Price Index comes in weaker than expected at +0.3% (+0.5% est), S&P CoreLogic CS mildly stronger than expected for MoM (0.64% vs. 0.60% est; YoY 4.87% vs. 4.85% est.).
  • March'24 10Y futures (TYH4) currently -0.5 at 112-18.5 vs. 112-17.5 intraday low, volume at just over 108k. Key short-term support is at 109-31+, the Dec 11 low. Initial firm support is at 111-09+, the Dec 7 high. Initial technical resistance above at 113-04.5 (Dec 21 high), followed by 113-12+, a Fibonacci projection point.

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