Much lower than expected ISM data spurs bounce in Treasury futures off session lows, TYM4 trades 109-20 last (-3) vs. 109-09.5 low, 10Y yield retreats to 4.5279 from 4.5678% high. Curves steepen: 2s10s +2.573 -31.602.
US TSYS: Post-ISM Data React, Tsys Bounce
Last updated at:Apr-03 14:03By: Bill Sokolis
Much lower than expected ISM data spurs bounce in Treasury futures off session lows, TYM4 trades 109-20 last (-3) vs. 109-09.5 low, 10Y yield retreats to 4.5279 from 4.5678% high. Curves steepen: 2s10s +2.573 -31.602.
