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US TSYS: Post-UofM Sentiment React

US TSYS

Treasuries pared gains briefly, rebound and holding near highs following mildly higher than expected final UofM sentiment reading for September. Dec'24 10Y futures currently +7 at 114-20 vs. 114-21.5 high. Initial technical resistance holds at 115-02.5 (Sep 19 high) followed by 115-23.5 (Sep 11 high and bull trigger). Curves holding mildly steeper, 2s10s +.703 at 17.256, 5s30s +.535 at 56.736.

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Treasuries pared gains briefly, rebound and holding near highs following mildly higher than expected final UofM sentiment reading for September. Dec'24 10Y futures currently +7 at 114-20 vs. 114-21.5 high. Initial technical resistance holds at 115-02.5 (Sep 19 high) followed by 115-23.5 (Sep 11 high and bull trigger). Curves holding mildly steeper, 2s10s +.703 at 17.256, 5s30s +.535 at 56.736.