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Post Flash PMI React

US TSYS
  • Treasury futures pare gains after slightly higher than expected flash PMIs in Mfg (51.7 vs. 51.0 est), Services (55.1 vs. 54.0) and Composite (54.6 vs. 53.5 est).
  • Tsys drawing some modest buying as levels rebound slightly, Sep'24 10Y currently trades +.5 at 110-18 vs. 110-16 post data low. Curves mildly steeper: 2s10s +.469 at -47.733, 5s30s +.498 at 12.577.

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