October 11, 2024 12:34 GMT
US TSYS: Post-PPI Data React
US TSYS
Treasuries rebound off modestly weaker levels after lower than expected PPI MoM though YoY gains. Dec'24 10Y futures trading +3 at 112-05.5, still off overnight high of 112-09.5. Initial technical resistance at 113-12 (Low Sep 3 and a recent breakout level) followed by 113-21 50-day EMA. Curves extend steepener move, 2s10s +2.403 at 12.340.
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