May 30, 2024 15:33 GMT
Extending Session Highs
US TSY FUTURES
- Treasury futures have quietly extended session highs in the last few minutes, no obvious headline driver, but some desks see month end extension of 0.10Y as mildly supportive.
- Cash yields lower, 10s -.0696 at 4.5421%, 30s -.0563 at 4.6765%, curves near lows: 2s10s -1.770 at 38.066.
- The Sep'24 10Y futures contract is bumping up against initial technical resistance at 108-19 High May 29, with firm resistance seen at 109-00+, the 20-day EMA.
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