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Post-MNI Chicago PMI React

US TSY FUTURES
  • Still weaker, Tsy futures inching off lows following lower than expected December reading of Chicago PMI: 46.9 vs. 50.0 est, 55.8 prior.
  • March'24 10Y (TYH4) trading 112-24.5 (-4), still well within technical levels: Initial technical support well below at 111-31+/111-20 (Low Dec 14 / 20-day EMA); resistance above at 113-12.5, a Fibonacci projection point (1.764 proj of the Oct 19 - Nov 3 - Nov 13 price swing).

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