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Post-Import/Export Prices React

US TSYS
  • Treasury futures see-sawing off early morning highs after lower than expected Import/Export data: Import Price Index MoM (-0.4% vs. -0.1% est, 0.9% prior; YoY 1.1% vs. 1.3% est),
  • Import Price Index ex Petroleum MoM (-0.3 vs. 0.2 est, prior down revised to 0.6% from 0.7%) while Export Price Index MoM fall to -0.6% vs. 0.1% est.
  • Heavy Treasury futures volumes (TYU4>1M), as the Sep'24 10Y contract currently trades +2.5 at 110-25.5 vs. 111-01 high.

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