May 23, 2024 12:33 GMT
Post-Weekly Claims React
US TSYS
- Still higher, Treasury futures pare gains after lower than expected weekly claims at 215k vs. 220k est, prior revised to 223k from 222k. Continuing claims near in-line at 1.794M vs. 1.793M est, prior down-revised to 1.786M from 1.794M.
- Jun'24 10Y futures currently +2 at 109-03 vs. 109-06 high, well below initial technical resistance at 109-31.5 (High May 16 and the bull trigger). Curves flatter, near lows, 2s10s -0.740 at -45.693.
- Next up: S&P flash PMIs at 0945eET followed by New Home Sales at 1000ET.
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