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US TSYS: Post Home Price Data, Fed Gov Bowman React

US TSYS
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • Treasuries continue to trade weaker, near recent session lows after slightly lower than expected FHFA house price index and S&P CoreLogic data. Fed Gov Bowman cautions that upside risks to inflation remain.
  • Tsy Dec'24 10Y trades -11.5 at 114-13 vs. 114-09.5 low -- briefly through yesterday's low, puts focus on net support level at 114-00.5 (Sep 4 Low).
  • Short end Block buy of 5,000 TUZ4 104-09.38 (-1.75), DV01 $195,000, while curves climb to steepest levels since June '22, 2s10s +3.334 at 19.334 vs. 19.714 high, 5s30s +1.655 at 60.154.
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  • Treasuries continue to trade weaker, near recent session lows after slightly lower than expected FHFA house price index and S&P CoreLogic data. Fed Gov Bowman cautions that upside risks to inflation remain.
  • Tsy Dec'24 10Y trades -11.5 at 114-13 vs. 114-09.5 low -- briefly through yesterday's low, puts focus on net support level at 114-00.5 (Sep 4 Low).
  • Short end Block buy of 5,000 TUZ4 104-09.38 (-1.75), DV01 $195,000, while curves climb to steepest levels since June '22, 2s10s +3.334 at 19.334 vs. 19.714 high, 5s30s +1.655 at 60.154.