Free Trial

Post-Flash PMI React

US TSYS
  • Treasury futures gap lower after higher than expected flash PMIs: Services PMI (54.8 vs. 51.2 est) and Composite PMI (54.4 vs. 51.2 est) while Manufacturing PMI slightly higher (50.9 vs. 49.9 est).
  • Jun'24 10Y futures fall to 108-23 low (-10) through initial technical support of 108-29.5 (20-day EMA), focus on 108-15 (Low May 14 and key support). Curves flatter but off lows: 2s10s -1.224 at -46.177 vs. -46.910 low.
69 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Treasury futures gap lower after higher than expected flash PMIs: Services PMI (54.8 vs. 51.2 est) and Composite PMI (54.4 vs. 51.2 est) while Manufacturing PMI slightly higher (50.9 vs. 49.9 est).
  • Jun'24 10Y futures fall to 108-23 low (-10) through initial technical support of 108-29.5 (20-day EMA), focus on 108-15 (Low May 14 and key support). Curves flatter but off lows: 2s10s -1.224 at -46.177 vs. -46.910 low.