* RES 4: 113-06 2.0% 10-dma envelope * RES 3: 112-13 1.500 proj of the Jan 13 - Feb 7 - Feb 12 price...
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Treasury futures traded sharply lower on Wednesday’s CPI print, resulting in a break of support at 108-20+, the Feb 4 low. The breach of this support highlights a stronger reversal and most likely, the end of the corrective cycle between Jan 13 - Feb 7. A continuation lower would open 108-00, the Jan 16 low, and expose 107-06, the Jan 13 low and bear trigger. Key resistance and the bull trigger is 110-00, the Feb 7 high.
Block crossed at 1144:20ET - both at respective post time offers. However, trading desks say the the 30Y Bond is sold vs. the Ultra, appr DV01 $372,000:
Reuters reporting comments from Ukrainian President Volodymyr Zelenskyy and US Treasury Secretary Scott Bessent following a meeting in Kyiv today.