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+7,000 TUU3 102-01.25, buy through 102-01.12 post-time offer at 1003:40ET, futures continue to trade weaker post-data, 102-00.5 last (-2.75).
Treasury futures reverse course yet again, Sep'23 10Y futures extending lows: currently -8.5 at 112-31 after latest round of data: Consumer Confidence highest since early 2022 at 109.7 vs. 103.8 est, better than expected New Home Sales at 763k vs. 675k est. Curves holding narrow band near recent lows.
House Speaker Kevin McCarthy (R-CA) has been speaking to CNBC on a number of subjects. On the topic of Donald Trump running for the GOP nomination and potentially the presidency in 2024, McCarthy takes a risk in not offering his full-throated support for the clear frontrunner. When asked about Trump's run McCarthy states “Can he win that election [the GOP primaries]? Yeah he can…the question is, is he the strongest to win the election, I don’t know that answer,”