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Inching Higher

US TSY FUTURES
  • Treasury futures continue to extend highs in late morning trade - no apparent headline or Block driver as Mar'24 10Y at taps 113-03 (+12), nearing initial technical resistance aof 113-04+ (High Dec 21) on light volume (TYH4>418k).
  • Next resistance level at 113-12+ 1.764 proj of the Oct 19 - Nov 3 - Nov 13 price swing. Current 10Y yield at 3.8277 (-.0690) -- just above last week's appr 5 month low of 3.8268%.
  • Session data out of the way, markets setting up for US Treasury supply with $56B 17W Bill and $70B 42D CMB Bill auctions at 1130ET, followed by $26B 2Y FRN Note and $58B 5Y Note auctions at 1300ET.

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