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Post Wholesale Data React

US TSYS
  • Treasury futures remain near lows after Wholesale Trade Sales comes out lower than expected, Inventories in-line.
  • Tsy Sep'24 10Y futures trade -8 at 112-20.5, vs. 112-17 low -- through technical support at 112-21 (Low Aug 2). Next support level well below at 111-30 (20D EMA).
  • 10Y yield back over 4.0% to 4.0108% high. Eye on technical support at 112-21 Low Aug 2.

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