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Bid & Flattening Extends As Israel & Lebanon Exchange Fire

US TSYS

The 20-day EMA in TY futures (108-04+) is breached, as missile fire between Israel and Lebanon generates a bid in core global FI markets. The contract last shows +0-15 at 108-06, just off spike highs of 108-07+.

  • The Sep 22 high (108-26+) now presents the next point of interest to the upside.
  • Cash Tsys show 1-10bp richer, with the early flattening extending.
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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