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MYR

Firmer Start

Nearing Session Lows Again

US TSY FUTURES
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Yield curves steeper, but long end basis still well off pre-FOMC levels. Technical point of view, TYZ1 hovering around second support level of 132-12 after slipping to 132-11.5 low briefly. Current support 0.764 proj of the Aug 4 - 11 - 17 price swing. This keeps the outlook negative for now, with downside targets shifting lower to 131-27+ initially ahead of 131-14.

TYZ1Bloomberg/MNI