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Treasury Futures Open Steady Ahead Of A Busy Data Calendar Later

US TSYS
  • Jun'24 futures touched a early high of 110-14 on Asia open, and we trade just off those an hour into trading. Looking at technical levels initial resistance at 110-28+ (20-day EMA) vs. support at 109-25+ (Low Feb 23).
  • Treasury yields were 2-5bps lower on Wednesday, and as Thursday's session gets underway we have opened 0-1bp higher as the curve flattens ever so slightly. The 2Y yield is 1bp higher at 4.648%, the 10Y is 0.2bps higher at 4.266%, while the 2y10y is -0.838 at -38.398
  • Looking ahead: Personal Income/Spending, PCE, Jobless Claims & MNI Chicago PMI

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