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Treasury Futures Off Fridays Highs, Yields 1-2bps Higher

  • Jun'24 10Y futures are just off Friday highs trading at 110-29+ down - 03+ from NY closing levels, earlier we made lows of 110-28+ holding above support at 110-26+ (20-day EMA). Initial resistance hold at 111-06 (50-day EMA)
  • Treasury yields are giving back some of the moves made on Friday, with yields 1-2bps higher across the curves, the 2Y yield 1.7bps higher to 4.548%, the 10y 1.6bps higher to 4.195%, while the 2y10y -0.304 at -35.456.
  • VP Harris is to meet with Israeli War Cabinet Member Gantz at 3pm ET.
  • Looking ahead: data resumes Tuesday with S&P Global US Services PMI, ISM Services, Factory and Durable Goods Orders.

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