July 24, 2024 14:03 GMT
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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