Free Trial

Extending Lows, Curves Bear Steepen

US TSY FUTURES
  • Treasury futures extend early session lows after the bell, better selling in intermediates to long end as curves bear steepen: 3M10Y +4.135at -143.124, 2s10s +3.542 at -88.654.
  • Front month 10Y futures mark 111-00 low (-13) puts it back at late THu/Fri-overnight levels.
  • Nearing initial support at 110-25+ (Low Jul 28) -- a resumption of weakness would expose the key support at 110-05, the Jul 6 low. Clearance of this level would confirm a continuation of the medium-term downtrend.

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.