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US TSYS: Post-Weekly Claims React

US TSYS
  • Still bid, Treasuries pair gains after lower than anticipated weekly claims, while continuing claims comes out higher than expected.
  • The Dec'24 10Y contract slips to 111-07 (+6) from 111-12 prior. Initial technical support at 111-04 200-dma/110-30.5 Low Oct 23. Curves are mixed, 2s10s -1.338 at 15.004, 5s30s +.965 at 46.941.
  • Next up, S&P Global US flash PMIs at 0945ET followed by New Home Sales at 1000ET
     

 

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  • Still bid, Treasuries pair gains after lower than anticipated weekly claims, while continuing claims comes out higher than expected.
  • The Dec'24 10Y contract slips to 111-07 (+6) from 111-12 prior. Initial technical support at 111-04 200-dma/110-30.5 Low Oct 23. Curves are mixed, 2s10s -1.338 at 15.004, 5s30s +.965 at 46.941.
  • Next up, S&P Global US flash PMIs at 0945ET followed by New Home Sales at 1000ET