March 31, 2024 22:04 GMT
Little Changed As Trading Resumes After The Easter Long Weekend
US TSYS
TYM4 is trading at 110-27+, +0-01+ from NY closing levels.
- This comes after cash tsys finished mostly in the red in the shortened session on Thursday, ahead of the Easter long weekend.
- The short end underperformed after hawkish comments from Fed Governor Waller Wednesday aftermarket, and stronger-than-expected data saw rate cut expectations trimmed further.
- The 2-year yield closed 5bps higher at 4.62% while the 10-year yield was 1bp higher at 4.200%.
- Later today the US calendar sees S&P Global Manufacturing PMI and ISM Manufacturing data.
- Also, Fed Governor Lisa Cook will give acceptance remarks for a lifetime achievement award in Washington.
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