June 05, 2024 14:03 GMT
Post-ISM Services React: Retrace Gap Bid
US TSYS
- Fast two-way as Treasury futures extend highs briefly, retrace and bounce again back to pre-data levels after mixed ISM Services data: Index higher than exp (53.8 vs. 51.0 est), lower Prices Paid (58.1 vs. 59.0 est), in-line Employment (47.1 vs. 47.2 est), higher New Orders (54.1 vs. 53.2 est)
- Sep'24 10Y Treasury futures are currently +2.5 at 110-03 vs. 110-12.5 high, briefly through technical resistance at 110-09 (High May 16 and the bull trigger).
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