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A steady session so far

US TSYS SUMMARY

A more steady session for US Treasuries.

  • Contract have traded within overnight range with few countries out on holidays.
  • Most of the action has been in European Government Bond, which fell, post EU PMI data and countries set to re-open.
  • Very little in terms of spillovers into Tnotes from Europe.
  • The 5/30 US curve lean bear steeper on the margin, but volumes and volatility have been fairly limited today, ahead of a busy week.
  • Looking forward to the session, US PMI and ISM manufacturing are due for release.
  • Fed Powell is the scheduled speaker, but he will be speaking on community development, so unlikely to hear about Monetary Policy
  • 2y yields unch today at 0.161%- 5y yields unch today at 0.848%
  • 10y yields unch today at 1.628%- 30y yields unch today at 2.300%
  • 2s10s down -0.1bp today at 146.6bp
  • 10s30s unch today at 67.2bp

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