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A Little Above Lows, Curve Steeper

US TSYS

Tsys have stabilised just above session lows in recent trade, with TY futures last running -0-03+ at 108-07, 0-03 off the base of a 0-13 range. Well-defined technical parameters that we have covered in the past remain intact in the contract, with the short-term technical bull theme remaining in play for now.

  • Cash Tsy yields are 1-6bp higher across the curve, with steepening seen.
  • US 10s and 30s have regained their respective bottom support in yield terms, after both saw breaches over the last 24 hours.
  • 2s10s and 5s30s move off month-to-date lows as a result, but remain comfortably shy of their recent respective peaks.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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