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Cash Tsys Open Slightly Cheaper, August ISM Later Today

US TSYS
  • Treasury futures are trading little changed in the first half of the session today, cash trading has reopened with yields 1-2bps higher across the curve. There isn't much of the local calendar today, focus will be on the 10yr JGB auction a bit later.
  • TUZ4 is trading -0-00⅛ at 103-24⅜ while TYZ4 is +0-01+ at 113-16+, although both are below Friday's closing levels.
  • The 2yr yield is trading +1.5bps at 3.931%, while the 10yr is trading +1.3bps at 3.917%, with the 2s10s +0.102 at -1.619.
  • Later, we have August ISM Mfg, which is expected to rebound a touch to 47.5 according to BBG consensus, up from 45.8 in July.
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  • Treasury futures are trading little changed in the first half of the session today, cash trading has reopened with yields 1-2bps higher across the curve. There isn't much of the local calendar today, focus will be on the 10yr JGB auction a bit later.
  • TUZ4 is trading -0-00⅛ at 103-24⅜ while TYZ4 is +0-01+ at 113-16+, although both are below Friday's closing levels.
  • The 2yr yield is trading +1.5bps at 3.931%, while the 10yr is trading +1.3bps at 3.917%, with the 2s10s +0.102 at -1.619.
  • Later, we have August ISM Mfg, which is expected to rebound a touch to 47.5 according to BBG consensus, up from 45.8 in July.