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Post-New Home Sales React

US TSYS

Treasury futures remain mixed after lower than expected New Home Sales for June. Curves remain steeper with intermediates to long end underperforming since the mixed flash PMI data came out.

  • In-line with steeper Tsys curves, short end buying extends to Fed Fund futures this morning, covering August through October, appr DV01 $1.5M:
    • 15,000 Oct '24 Fed Funds (FFV4) bought at 94.94 to -.945
    • 10,000 Aug '24 Fed Funds (FFQ4) bought at 94.6900
    • 12,000 Sep '24 Fed Funds (FFU4) were lifted at 94.785
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Treasury futures remain mixed after lower than expected New Home Sales for June. Curves remain steeper with intermediates to long end underperforming since the mixed flash PMI data came out.

  • In-line with steeper Tsys curves, short end buying extends to Fed Fund futures this morning, covering August through October, appr DV01 $1.5M:
    • 15,000 Oct '24 Fed Funds (FFV4) bought at 94.94 to -.945
    • 10,000 Aug '24 Fed Funds (FFQ4) bought at 94.6900
    • 12,000 Sep '24 Fed Funds (FFU4) were lifted at 94.785