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Post-Wholesale Trade Sales React

US TSY FUTURES
  • Treasury futures holding near session highs after Wholesale Inventories comes out softer (-0.2% MoM vs. -0.1% est) Trade Sales firmer than expected (0.8% MoM vs. 0.2% est).
  • Current levels poised to breach overnight highs at the moment, Dec'23 10Y futures +9.5 at 110-09 vs. 110-10.5 high, yield at 4.2107% -.0334. Initial technical resistance at 110-15+/111-12+ 20-day EMA / High Sep 1.
  • Cross asset, equities holding modest gains, Energy, Utilities and IT supporting SPX Eminis +10.75 at 4467.0; Crude +.27 at 87.14; Gold +8.87 at 1928.59.
  • Next data at 1200ET with Household Change in Net Worth ($3.026T prior), Consumer Credit ($16.0B est vs.$17.847B prior) at 1500ET.

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