Treasuries drift near early session lows after mixed data: Durable Goods orders come out lower than expected, Cap Goods Orders higher than expected.
The Mar'25 10Y futures contract trades -5.5 at 108-15 (108-12 overnight low), focus on initial round number technical support at 108-00 & 1.500 proj of the Oct 1 - 14 - 16 price swing.
Curves holding steeper with the short end outperforming, 2s10s +2.642 at 34.110 (May '22 highs), 5s30s +1.050 at 40.787.
MNI: US NOV FACTORY ORDERS -0.4%; EX-TRANSPORT NEW ORDERS +0.2%
Jan-06 15:00
MNI: US NOV FACTORY ORDERS -0.4%; EX-TRANSPORT NEW ORDERS +0.2%
US NOV DURABLE ORDERS -1.2%
US NOV NONDEFENSE CAP GOODS ORDERS EX AIRCRAFT +0.4%