Free Trial

Gap Bid Off Recent Session Lows

US TSY FUTURES
  • Treasury futures bounce off recent session lows to new session highs, still shy of overnight highs at the moment. No obvious headline or block/cross driver.
  • Cross-market/asset: Bunds inching higher after the cash open in stocks, Gilts off session lows. Stocks weaker but off earlier lows with SPX eminis -23.5 at 4361.0.
  • At the moment, front month Sep'23 10Y futures are +14 at 109-23 vs. 109-28.5 high. Initial technical resistance at 110-07/110-25 High Aug 15 / 20-day EMA. On the flipside, initial technical support at 109-03+ Low Aug 17.
  • Curves mixed now: 3M10Y +0.959 at -119.262, 2Y10Y -1.709 at -67.427.

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.