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US TSY FUTURES: Post New Home Sales React

US TSY FUTURES
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • Treasuries remain weaker, near recent session lows after modestly higher than expected New Home Sales data and up-revision to prior. Tsy Dec'24 10Y contract trades 114-20.5 (-6.5) vs. 114-18 low. Current level above initial technical support at 114-09.5 (Low Sep 24). Curves steeper in 2s10s, marking new 2+ year high of 23.585.
  • Data out of the way, markets will be absorbing Tsy supply: $28B 2Y FRN Note, $62B 17W bills and $70B 5Y notes today. Influx of potentially large corporate issuance from Oracle and Saudi Aramco.
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  • Treasuries remain weaker, near recent session lows after modestly higher than expected New Home Sales data and up-revision to prior. Tsy Dec'24 10Y contract trades 114-20.5 (-6.5) vs. 114-18 low. Current level above initial technical support at 114-09.5 (Low Sep 24). Curves steeper in 2s10s, marking new 2+ year high of 23.585.
  • Data out of the way, markets will be absorbing Tsy supply: $28B 2Y FRN Note, $62B 17W bills and $70B 5Y notes today. Influx of potentially large corporate issuance from Oracle and Saudi Aramco.