September 18, 2024 18:04 GMT
US TSYS: Post-FOMC React - Fast Two Way on 50Bp Cut
US TSYS
Treasuries gap higher after the Fed delivers a widely expected 50bp rate cut. Dec'24 10Y climbed to 115-17 before retracing to 115-06 (-6). Overall volumes still not that heavy with TYZ4 trading appr 100k to 1.2k after the annc. Initial Technical resistance above at 115-23.5 (High Sep 11). Curves steepening, 2s10s +3.394 at 7.262 after briefly tapping 10.046 high.
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