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US TSYS: Futures Uptick In Asia-Pac Session After Yesterday’s Volatility

US TSYS
USBulletMarketsFixed Income BulletsNorth America

In today's Asia-Pac session, TYM5 is 110-29, 0-02 from closing levels. 

  • It was another volatile session as the markets assessed more news on tariffs and Ukraine, while digesting JOLTS data ahead of upcoming CPI. Wall Street closed in the red but off its lows.
  • US tsys reversed cheaper after yesterday’s Asia-Pac session strength. Geopolitical and trade war headlines provided the impetus. A rebound in bund yields, with German fiscal expansion negotiations underway, assisted the move.
  • JOLTS job openings were higher than expected, resulting in a modestly hawkish reaction on the highest TY volumes of the day, but this was dominated by the negative growth angle from President Trump threatening 50% tariffs on Canadian steel and aluminum from tomorrow shortly afterwards.
  • A strong 3-year auction and a dip in equities to session lows briefly pushed yields lower. However, a series of headlines reversed the trend, with equities paring losses and US yields rising to session highs. Key developments included reports of Ukraine agreeing to a US ceasefire proposal and indications of a temporary US-Canada/Ontario agreement.
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In today's Asia-Pac session, TYM5 is 110-29, 0-02 from closing levels. 

  • It was another volatile session as the markets assessed more news on tariffs and Ukraine, while digesting JOLTS data ahead of upcoming CPI. Wall Street closed in the red but off its lows.
  • US tsys reversed cheaper after yesterday’s Asia-Pac session strength. Geopolitical and trade war headlines provided the impetus. A rebound in bund yields, with German fiscal expansion negotiations underway, assisted the move.
  • JOLTS job openings were higher than expected, resulting in a modestly hawkish reaction on the highest TY volumes of the day, but this was dominated by the negative growth angle from President Trump threatening 50% tariffs on Canadian steel and aluminum from tomorrow shortly afterwards.
  • A strong 3-year auction and a dip in equities to session lows briefly pushed yields lower. However, a series of headlines reversed the trend, with equities paring losses and US yields rising to session highs. Key developments included reports of Ukraine agreeing to a US ceasefire proposal and indications of a temporary US-Canada/Ontario agreement.