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Cash Yields Look To Build On Tuesdays Move Lower

US TSYS

TYH4 is currently trading at 110-10+, 01 from New York closing levels.

As the Asia trading session unfolds, cash yields are ~1bps lower extending slightly on trend from the US session.


  • Mar'24 10Y futures are testing highs from the US session of 111-11+, just off those levels at time of writing trading at 110-10. Initial technical resistance is 111-21 (20-day EMA), while support remains 110.-26 (Jan 19th lows).
  • Cash yields have continue the move from US session, the 2y now trading at 4.395%, 0.8bp lower, while the 10Y is 1.3bps lower at 4.0866% to trade just above Tuesday lows of 4.080%
  • Pimco see multiple BOJ rate hikes coming as soon as march (BBG)
  • Tonight's data focus includes ongoing attention to Fed speakers, Mortgage Applications, Trade Balance, and the 10-year Treasury sale.
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