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10yr Futures Test Above Tuesday Highs

US TSYS

TYH4 is trading at 111-27+, + 08+ from NY closing levels.
Yields are moving lower, slight steepening across the curve occurring, China manufacturing PMI data miss, while US equity futures trend lower, potentially aiding the move.

  • Cash yields moving lower, the 2y trade 1.4bps lower to 4.32%, while the 10y yield is 1.0bp lower trading at 4.02%
  • US 10Y Tsy futures are breaking out higher, above yesterdays highs of 111-27+, and now back to Jan 17th levels of 111-28+.
  • TYH4 is still trading within resistance levels of 112-01+ and from the highs of Jan 17th, while support remains back at 110-26 from Jan 19th

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