Free Trial

Post-June Employment Data React: Tsys Reverse Course on Down Revisions

US TSYS

Fast two-way as Treasury futures gap lower after higher than expected June jobs gain of +206k vs. +190k est -- but reverse course, trade higher after prior down revised to 218k from 272k. Tsy Sep'24 10Y futures traded down to 109-17.5 low before rebounding to 110-17.5 high, 110-14 last +12.5. Technical resistance at 110-16/111-01 High Jun 28 / 14 and the bull trigger.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.