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Futures Bounce Off Support, Cash Closed

US TSYS

A bit of weakness overnight in futures, though off early European session lows, with stock futures now touching session highs.

  • Decent volume (TYZ0 ~270k) esp considering the US Veterans Day holiday w cash trade closed. Note a bit of a volume spike came in Asia-Pac hours around 2140ET as TYs broke to new lows below 137-13+ but otherwise unremarkable.
  • TYs tested 137-08 support but it held - a level our tech analyst has identified as a Fibonacci projection (see our techs).
  • The calendar is bare: no data, no speakers, no Tsy supply.

Current futures levels:

  • Dec 2-Yr futures (TU) down 0.375/32 at 110-10.75 (L: 110-10.6 / H: 110-11.25)
  • Dec 5-Yr futures (FV) down 1/32 at 125-5.75 (L: 125-04.75 / H: 125-08)
  • Dec 10-Yr futures (TY) down 2/32 at 137-12 (L: 137-08 / H: 137-17.5)
  • Dec 30-Yr futures (US) down 1/32 at 169-31 (L: 169-16 / H: 170-13)
  • Dec Ultra futures (WN) up 1/32 at 210-15 (L: 209-18 / H: 211-10)

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