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US TSYS: Post-Flash PMI Data React

US TSYS
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • Fast two way trade after Mfg PMI comes out lower than expected (Services and Composite near steady/as expected). Futures initially gained (TYZ4 up to 114-25 from 114-20) but quickly reverse course, extend session lows (TYZ4 114-15.5, -11.5).
  • Block sale in 2Y contributing: -5,000 TUZ4 104-08.62, sell through 104-08.88 post time bid at 0948:55ET, DV01 $196,000.
  • Sell-off puts TYZ4 through initial technical support (114-23/16, 20-day EMA / Low Sep 19), puts focus on next level at 114-00.5 (low Sep 4). Curves coming off steeper levels 2s10s +1.348 at 15.959, 5s30s -.148 at 58.055.
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  • Fast two way trade after Mfg PMI comes out lower than expected (Services and Composite near steady/as expected). Futures initially gained (TYZ4 up to 114-25 from 114-20) but quickly reverse course, extend session lows (TYZ4 114-15.5, -11.5).
  • Block sale in 2Y contributing: -5,000 TUZ4 104-08.62, sell through 104-08.88 post time bid at 0948:55ET, DV01 $196,000.
  • Sell-off puts TYZ4 through initial technical support (114-23/16, 20-day EMA / Low Sep 19), puts focus on next level at 114-00.5 (low Sep 4). Curves coming off steeper levels 2s10s +1.348 at 15.959, 5s30s -.148 at 58.055.