September 30, 2024 13:48 GMT
US TSYS: Post-MNI Chicago PMI React
US TSYS
- Treasuries holding weaker but off early session lows following the latest MNI Chicago PMI comes out higher than expected (but still contractionary -- well below 50).
- Dec'24 10Y futures trading -7.5 at 114-16 vs. 114-11.5 low. Initial technical support at 114-07 (Sep 26 low).
- Curves flatter, but off lows, 2s10s -2.830 at 16.105 vs. 14.950 low.
- Next up, Dallas Fed Mfg Activity at 1030ET
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