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Holding Tight Range

US TSYS

Little in the way of any outright impetus has kept T-Notes within a narrow 0-01+ range. The contract trades unchanged at 139-14 as we type, with e-minis hovering just above neutral levels following Thursday's declines at Wall St. Cash Tsy yields are virtually unchanged as Tokyo trade re-opens. Eurodollar futures last seen unch. to +0.5 tick through the reds.

  • As expected, Senate Democrats blocked a Republican scaled down fiscal bill on Thursday, as the GOP failed to convince 60 Senators to back their proposal.
  • There are no more U.S. Tsy auctions left this week. Data-wise, focus falls on monthly CPI.

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