Treasuries pare gains after larger than expected ISM MFG, Prices Paid and Construction spending data.
Curves extend flatter as short end rates take the brunt of the move, 2s10s -8.206 at 25.543. Mar'25 10Y futures see some dip buying already, trade 109-05 (+10) last vs. 109-01.5 post data.
Initial technical resistance at 109-10.5/13 (50-day EMA / High Jan 30)
MNI: US DEC CONSTRUCT SPENDING +0.5%
Feb-03 15:00
MNI: US DEC CONSTRUCT SPENDING +0.5%
US DEC PRIVATE CONSTRUCT SPENDING +0.9%
US DEC PUBLIC CONSTRUCT SPENDING -0.5%
MNI: US ISM JAN MANUF PURCHASING MANAGERS INDEX 50.9
Feb-03 15:00
MNI: US ISM JAN MANUF PURCHASING MANAGERS INDEX 50.9