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Post-Trade Gap React

US TSYS
  • Treasury futures continue to pare losses after US trade gap off May lvls. Sep'24 10Y futures currently -9.5 at 113-25, inside wide technicals with support well below at 112-21 (Aug 2 low), vs. 115-03.5 resistance (Aug 5 high).
  • Tsy 10Y yield +.0356 at 3.8239%. Curves bear steeper: 2s10s +2.933 at -10.655 after dis-inverting briefly yesterday.

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