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Post ISM Services Reaction

US TSY FUTURES
  • Treasury futures reverse support, gap lower following higher than expected ISM Services Index (54.5 vs. 52.5), Prices Paid (58.9 vs. 56.8 prior).
  • Current Dec'23 10Y futures 109-21.5 low (-9), through initial support of 109-28+ (Low Aug 29). Next support at 109-18+/09+ Low Aug 25 / 22 and the bear trigger

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