October 10, 2024 11:26 GMT
US TSY FUTURES: Extending Lows
US TSY FUTURES
Following recent block sale in Dec'24 10Y Ultra bond, Treasury futures have extended lows in the lead-up to the NY open. The Dec'24 10Y contract is sitting on top of round number technical support of 112-00 (-6.5), focus on 111-14 50.0% retracement of the Apr - Sep bull cycle (cont). Curves mildly flatter ahead of the Sep CPI and weekly claims data at 0830ET, 2s10s -.406 at 4.278, 5s30s -.508 at 41.722.
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