September 12, 2024 12:34 GMT
Post-PPI, Weekly Claims React
US TSY FUTURES
- Fast two-way trade as Treasury futures gap higher (TYZ4 to 115-17.5, +7) then quickly reverse to mildly lower pre-data levels following latest PPI data w/down-revisions to prior, weekly claims slightly higher than expected.
- Dec'24 futures currently trade -1.5 at 115-09, still well inside technicals: initial resistance above at 115-23.5 (High Sep 11); support remains at 114-27.5/10 (Low Sep 10 / 20-day EMA).
- Curves mildly flatter with 2s10s -0.585 at 0.403, 5s30s -0.057 at 51.969.
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