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Post-FOMC Minutes React

US TSYS
  • Treasury futures remain weaker after the January FOMC Minutes release, nearing post-20Y auction lows as markets continue to digest the minutes.
  • Mar'24 10Y futures currently -11 at 109-19, near initial technical support of 109-17/16+ (50.0% of Oct 19 - Dec 27 climb / Low Feb 14) earlier to 109-15 low. Resistance above at 110-17.5 (Feb 15 high).
  • Curves bear flatten: 2s10s -0.690 at -34.590, 10Y yield +0.0454 at 4.3206%.

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