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ASIA STOCKS: Tsys Futures Edge Above Overnight Highs, Odd Swing In Harris Favor

ASIA STOCKS
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  • Tsys futures have made new highs, with the long-end outperforming slightly. The move highs came about 30 minutes into the US Presidential debate, with PredictIt showing Harris jumping ahead of Trump with a 5pt swing.
  • TUZ4 is + 01+ at 104-14 vs highs of 104-14¾, while TYZ4 is + 03 at 115-17+
  • The trend needle in tsys continues to point north, with sights on the key resistance and bull trigger for TYZ4 at 115-19 (Aug 5 high) with clearance of this level would confirm a resumption of the uptrend. Initial support is 114-11 (20-day EMA), below here 113-12 (Sep 3 low). To the upside 115-16 (Sep high 10) while 115-19 (Aug 5 high and the bull trigger) are resistance.
  • Cash tsy curve is slightly flatter today, yields are 1-2bps lower, with the 10yr -1.5bps at 3.25%
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  • Tsys futures have made new highs, with the long-end outperforming slightly. The move highs came about 30 minutes into the US Presidential debate, with PredictIt showing Harris jumping ahead of Trump with a 5pt swing.
  • TUZ4 is + 01+ at 104-14 vs highs of 104-14¾, while TYZ4 is + 03 at 115-17+
  • The trend needle in tsys continues to point north, with sights on the key resistance and bull trigger for TYZ4 at 115-19 (Aug 5 high) with clearance of this level would confirm a resumption of the uptrend. Initial support is 114-11 (20-day EMA), below here 113-12 (Sep 3 low). To the upside 115-16 (Sep high 10) while 115-19 (Aug 5 high and the bull trigger) are resistance.
  • Cash tsy curve is slightly flatter today, yields are 1-2bps lower, with the 10yr -1.5bps at 3.25%