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Muted Open As We Await Employment Data Tonight

US TSYS

TYH4 is trading at 112-23+, - 05 from NY closing levels.

Uneventful start to trading in Asia, Cash yields are mostly unchanged at 0.5-0-1bp higher.

  • Tsys finished strong but off late morning highs on Thursday, concerns over regional bank weakness helping push Treasury futures to the highest levels since late December '23 as TYH4 tapped 113-06.5 high (+28).
  • Cash bond yields are opening mostly unchanged with the 2Y 0.6bp higher at 4.209%, while the 10Y trades at 3.886%, +0.6bps.
  • Fed chair, Powell will appear on 60 Minutes Sunday evening at 7pm ET
  • Data Tonight: Jan Employ Report, UofM Inflation Expectations, Dec Factory and Durable Goods orders

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