Treasury futures holding near recent session lows after slightly higher than expected S&P Global US Services & Composite PMI data.
Tsy Sep'25 10Y futures currently trades -6 at 112-06 vs. 112-05 low. Initial technical support well below at 110-19+, the Jul 24 low. Key support is 110-08+, the Jul 14 and 16 low.
Initial resistance above at 112-15.5 (Aug 5 high) followed by 112-23 (May 1 high).
Curves bear flatten: 2s10s -1.148 at 50.360, 5s30s -1.898 at 103.337.
Next up: ISM Services at 1000ET.
MNI EXCLUSIVE: MNI interviews ex-BLS commissioner
Aug-05 13:49
MNI interviews ex-BLS commissioner on firing of BLS commissioner, data quality concerns -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
MNI: US JULY FINAL SERVICES PMI 55.7 (55.2 FLASH, 52.9 JUNE)
Aug-05 13:45
MNI: US JULY FINAL SERVICES PMI 55.7 (55.2 FLASH, 52.9 JUNE)