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Post S&P Mfg PMI React

US TSY FUTURES
  • Tsy futures are extending highs after S&P Global US Manufacturing PMI comes out at 50.0, in-line with estimate.
  • Dec'23 10Y futures tap 106-14.5 high, 10Y yield currently 4.8310% (-.0997). Initial technical resistance above at resistance above at 106-23+ 20-day EMA.
  • Focus turns to Construction Spending, JOLTS Job Openings and ISM Mfg/Prices Paid data at 1000ET.

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