September 18, 2024 12:33 GMT
US TSYS: Post-Housing Starts/Build Permit React
US TSYS
Treasuries holding near lows after higher than expected Housing Starts and Building Permits data. Dec'24 10Y futures trade -9.5 at 115-02.5. Initial technical support at 114-31.5/21.5 (Low Sep 12 / 20-day EMA). Volumes improving, TYZ4 over 370k. Curves hold steeper, 2s10s +.863 at 4.731.
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