US TSYS: Post-Michigan Sentiment Data React
Jan-24 15:03
- Treasury futures remain off session lows, see-sawing in recent ranges after UofM sentiment & expectations decline while 1Y inflation exp matches prior moth at 3.3%, 5-10Y dips to 3.2% from 3.3% prior.
- Tsy Mar'25 10Y futures steady at 108-12, still well within technicals: resistance above at 109-04/109-06 (High Jan 21 / High Dec 31) vs. support at 108-00/107-06 (Low Jan 16 / 13 and the bear trigger).
- Curves extend steepening with 2s and 5s outperforming, 2s10s +3.808 at 37.841, 5s30 +2.546 at 43.982.
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