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Post-House Price Index React

US TSYS
  • Treasury futures pare gains, trading near steady after near in-line FHFA House Price Index MoM (0.2% vs. 0.3% est, prior down revised to 0.0% from 0.1%). Not a large reaction after Tsys pared support following this morning's higher than expected Canada core CPI data.
  • Sep'24 10Y futures see-sawing around steady at 110-17, 10Y yield 4.2418%, +.0097. Curves have reversed earlier flattening after hawkish tone from Fed Gov Bowman, 2s10s currently +0.544 at -49.008 vs. -51.252 low.

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