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Post-NFP React

US TSY FUTURES
  • Tsy futures gap lower after slightly stronger than expected Change in Nonfarm Payrolls (+199k vs. 183k est, +150k prior), Change in Private Payrolls softer (+150k vs.158k est, 99k prior), Unemployment Rate dips to 3.7% vs. 3.9% est.
  • Mar'24 10Y futures currently trading 110-05 last, -1-0 vs. 110-00.5 low. Initial support well below at 109-21+ 20-day EMA. Resistance at 111-09.5, Thursday's high.
  • Curves (3M10Y +3.855 at -121.524; 2Y10Y -1.025 at -45.930).
  • Next up at 1000ET (previous, est): U. of Mich. Expectations

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