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Post January CPI React

US TSYS
  • Fast two-way post CPI (MoM 0.3% vs. 0.2% est, YoY 3.1% vs. 2.9% est), Tsy futures extended high to 111-07 briefly before selling off to 109-23.5 low.
  • Futures well through initial technical support of 110-16 (Feb 9 and Dec 13 lows) as well as 109-31+ (Low Dec 11). Support focus now on 109-17 (50.0% of the Oct 19 - Dec 27 bull phase).
  • Mar'24 10Y yield surges to 4.2907% high - highest since December 1.

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