US TSYS: Post-Data Flood React
Sep-25 12:39
- Treasuries extending session lows after flood of data: lower than expected weekly/continuing claims, GDP higher, Personal Consumption higher, Durable Goods Orders jumps. Markets still digesting revisions to priors.
- Currently, the Dec'25 10Y trades -11 at 112-09.5 (yld 4.1795% +.0329) vs. 112-08.5 low - through 50-day EMA technical support at 112-10, next level 111-13+ Low Aug 18 and a key support.
- Curves mildly flatter: 2s10s -1.428 at 52.613, 5s30s -3.572 at 99.597.
- US$ index gaps higher, Bbg's BBDXY +2.75 at 1205.08.
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US TSYS: Post-Data React
Aug-26 12:34
- Treasury futures pare gains after higher than expected Durable/Cap Goods Orders, Philadelphia Fed Non-Mfg Activity declines.
- Tsy Sep'25 10Y futures currently trades +1.5 at 112-00.5 vs. 112-03 high. Sights are on 112-15+, the Aug 5 high and the bull trigger. Clearance of this hurdle would resume the uptrend and pave the way for a climb towards 112-23 initially, the May 1 high.
- Curves twist steeper: 2s10s +2.367 at 57.312, 5s30s +4.066 at 114.350.
- Little react in US$ after scaling back Monday's late gain, BBDXY -2.76 at 1204.85.
GILTS: Roll Pace Update
Aug-26 12:33
- A decent clip in the Gilt spread, ~20k trades on legs at 3.
- The spread has mostly been bought, but remains in its tight 1/5 low/range seen in the past 11 sessions.
- Gilt roll Pace is at 82% completion, and expect for the December to be front Month by the end of day, or at the very least Tomorrow.
MNI: US AUG PHILADELPHIA FED NONMFG INDEX -17.5
Aug-26 12:31
- MNI: US AUG PHILADELPHIA FED NONMFG INDEX -17.5
