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Post-ISM Data React

US TSY FUTURES

Fast two-way trade post ISM sees bonds sell-off, extending session lows as ISM mfg index comes out lower than est at 47.4 (48.0 est), mfg orders, production weakest since mid 2020. JOLTS job openings rise to 11.01M vs. 10.3 est.
Tsy 30YY jumps to 3.6388% on move, yield curves holding flatter:

  • 3M10Y -1.546, -119.683 (L: -126.177 / H: -118.201)
  • 2Y10Y -2.224, -72.065 (L: -72.723 / H: -69.515)
  • 2Y30Y -2.071, -59.38 (L: -60.347 / H: -56.159)
  • 5Y30Y -0.418, 0.912 (L: -0.406 / H: 3.70)

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