Free Trial

Post S&P Global PMI React

US TSY FUTURES
  • Still bid, Tsy futures paring support after in-line S&P Global US Services PMI (50.8 vs. 50.8 est, 50.8 prior); S&P Global US Composite PMI (50.7 vs. 50.7 est, 50.7 prior).
  • Mar'24 10Y futures currently trading 110-20.5 last, +14 vs. 110-23.5 high. Initial resistance at 110-28 (Dec 1 high) followed by 111-00 (round number resistance). Trend direction still bullish with pullbacks considered corrective: technical support well below at 109-06 (20-day EMA).
  • Curves flatter (3M10Y -3.325 at -116.997; 2Y10Y -3.354 at -41.795).
  • Next up at 1000ET: JOLTS Job Openings (9.553M est, 9.3M prior) and ISM Services Index (52.3 est, 51.8 prior)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.