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US TSYS: Post-Weekly Claims React

US TSYS
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • Fast two-way trade as Treasuries extend lows (prior to release) then bounce after slightly higher than expected initial jobless claims, prior up down revised. Continuing claims slightly lower with prior down revised as well.
  • The Dec'24 10Y contract trades -4.5 at 114-09 after falling to 114-05.5 -- brieflty through initial technical support of 114-07 (Sep 26 and Oct 2 lows), followed by 114-00.5 (Sep 4 low). Resistance well above at 115-02.5 (Sep 19 high) followed by 115-23.5 (Sep 11 highs and bull trigger).
  • Next up: S&P Global US Services/Composite PMIs at 0945ET; Factor/Durable Goods Orders and ISM Services follow at 1000ET.
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  • Fast two-way trade as Treasuries extend lows (prior to release) then bounce after slightly higher than expected initial jobless claims, prior up down revised. Continuing claims slightly lower with prior down revised as well.
  • The Dec'24 10Y contract trades -4.5 at 114-09 after falling to 114-05.5 -- brieflty through initial technical support of 114-07 (Sep 26 and Oct 2 lows), followed by 114-00.5 (Sep 4 low). Resistance well above at 115-02.5 (Sep 19 high) followed by 115-23.5 (Sep 11 highs and bull trigger).
  • Next up: S&P Global US Services/Composite PMIs at 0945ET; Factor/Durable Goods Orders and ISM Services follow at 1000ET.