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US TSYS: Post ISM Services, Factory/Durables Ship React

US TSYS
  • US Treasuries gap lower after stronger than expected Services, Prices Paid and New Orders ISM, Employment ISM weaker than expected.
  • Through technical support, the Dec'24 10Y contract trades down to 113-30 low before bouncing to 114-01.5 last (-12), just above support at 114-00.5 (Sep 4 low). Curves reverse earlier steeper profiles, 2s10 -.423 at 13.115.
  • Focus turns to Friday's headline non-farm employment report for September at 0830ET.

 

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  • US Treasuries gap lower after stronger than expected Services, Prices Paid and New Orders ISM, Employment ISM weaker than expected.
  • Through technical support, the Dec'24 10Y contract trades down to 113-30 low before bouncing to 114-01.5 last (-12), just above support at 114-00.5 (Sep 4 low). Curves reverse earlier steeper profiles, 2s10 -.423 at 13.115.
  • Focus turns to Friday's headline non-farm employment report for September at 0830ET.