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US TSYS: Rally Extends A Little Further On PCE

US TSYS

Lower-than-expected PCE data allows the move lower in yields to extend, yields now 2.5-7.5bp lower on the day, ~2bp below pre-data levels.

  • 2s ~11bp off post-Fed highs, 10s ~8bp off yesterday’s peak.
  • TYH5 to fresh session highs of 109-03+, bulls unable to test first resistance at the 20-day EMA (110-07+) as of yet.
  • Comments from Fed’s Williams starting to filter out at typing.
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Lower-than-expected PCE data allows the move lower in yields to extend, yields now 2.5-7.5bp lower on the day, ~2bp below pre-data levels.

  • 2s ~11bp off post-Fed highs, 10s ~8bp off yesterday’s peak.
  • TYH5 to fresh session highs of 109-03+, bulls unable to test first resistance at the 20-day EMA (110-07+) as of yet.
  • Comments from Fed’s Williams starting to filter out at typing.