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US TSYS: Post-Inventories, Trade Balance React

US TSYS
  • Treasury futures slowly paring losses after Wholesale Inventories came out lower than expected w/ modest down-revision to prior, Retail Inventories in-line with expectations while Adv Goods Trade Balance comes out slightly more negative than expected.
  • The Mar'25 10Y contract trades 108-18 last (-3) vs. 108-13.5 late overnight low, off 108-22.5 highs during Asian hours, well inside technicals; 10Y yield at 4.5990  (+.0163).
  • Curves steeper, 2s10s +1.840 at 26.869, 5s30s +1.088 at 34.605.
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  • Treasury futures slowly paring losses after Wholesale Inventories came out lower than expected w/ modest down-revision to prior, Retail Inventories in-line with expectations while Adv Goods Trade Balance comes out slightly more negative than expected.
  • The Mar'25 10Y contract trades 108-18 last (-3) vs. 108-13.5 late overnight low, off 108-22.5 highs during Asian hours, well inside technicals; 10Y yield at 4.5990  (+.0163).
  • Curves steeper, 2s10s +1.840 at 26.869, 5s30s +1.088 at 34.605.