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US TSYS: Post-Pending Home Sales React

US TSYS
  • Still well off this morning's highs, Treasuries are gaining again after lower than expected pending home sales and down-revisions to prior.
  • Treasury Mar'25 10Y futures trading 109-09.5 last (+11) vs this morning's 109-13 high (above initial technical resistance at 109-11+/12 (50-day EMA / High Jan 27). 10Y yield 4.5002 (-.0282) after falling to 4.4841% low. Curves flatter: 2s10s -1.171 at 29.908.
  • Bloomberg US$ index weaker but off 1297.14 low to 1298.59 (-3.53); Gold stronger (+29.75 at 2789.16); SPX Eminis +19.75 at 6087.25.
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  • Still well off this morning's highs, Treasuries are gaining again after lower than expected pending home sales and down-revisions to prior.
  • Treasury Mar'25 10Y futures trading 109-09.5 last (+11) vs this morning's 109-13 high (above initial technical resistance at 109-11+/12 (50-day EMA / High Jan 27). 10Y yield 4.5002 (-.0282) after falling to 4.4841% low. Curves flatter: 2s10s -1.171 at 29.908.
  • Bloomberg US$ index weaker but off 1297.14 low to 1298.59 (-3.53); Gold stronger (+29.75 at 2789.16); SPX Eminis +19.75 at 6087.25.