May 01, 2023 14:04 GMT
Post-ISM React: Tsys Extend Lows
- Us Treasury futures extend early session lows after April ISM data, Prices Paid climbs to 53.2, well over expected 49.0.
- Treasury 10Y yield climbs to new session high of 3.5128%, 2Y yield 4.1448% high; 2s10s curve extends inversion: -5.619 at -64.267.
- Data underscores likely 25bp rate hike from the FOMC on Wednesday