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Post UofM Sentiment React

US TSY FUTURES
  • Still weaker, Tsys inch off lower levels after higher than expected U. of Mich. Expectations climbs to 66.4 vs. 57.0 est, (56.8 prior), Sentiment 69.4 vs. 62.0 est, while 1 Yr Inflation est falls to 3.1% vs. 4.5% est (4.3% prior), 5-10 Yr Inflation 2.8% vs. 3.2% est (3.1% prior).
  • Mar'24 10Y futures currently trading 110-14 last, -23 vs. 110-00.5 low. Initial support well below at 109-21+ 20-day EMA. Resistance at 111-09.5, Thursday's high. Curves mixed (3M10Y +7.212 at -118.167; 2Y10Y -1.839 at -46.744).

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