Free Trial

Extending Lows as US$/Yen Sheds Gains

US TSY FUTURES
  • Treasury futures extended lows in the last few minutes, Jun'24 10Y futures breach initial technical support of 107-16+ (2.50 proj of Dec 27 - Jan 19 - Feb 1 price swing) to 107-15 low before bouncing back to 107-17.5 (-11). Next support at 107-07+ (76.4% of the Oct - Dec ‘23 bull leg (cont)).
  • Block: +5,000 FVM4 104-29.75, buy through 104-29.5 post time ofer at 0941:21ET, DV01 $206,000.
  • Focus on US$/Yen shedding 60bp off highs on decent volumes, markets keen on any chatter of CB intervention - but overall move deemed modest if were.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.