September 03, 2024 01:44 GMT
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.
106 words