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Off Lows, Bears Failed To Test Major TY Tech Support Overnight

US TSYS

TY futures hold off overnight lows, -0-01, after the early Asia move lower ran out of steam a little above ’22 lows.

  • Technically, the trend direction in the contract remains down and the contract has started the week on a bearish note. Major support is seen at the Oct 21 ’22 low (108-26+), which bears got within 0-01+ of overnight.
  • Cash Tsys are 0.5bp richer to 0.5bp cheaper, twist steepening.
  • 10-Year Tsy yields registered a fresh multi-year high in early Asia dealing.
  • The NY data docket consists of existing home sales data and business surveys from both the Philadelphia & Richmond Feds.
  • We will also see Fedspeak from Bowman, Goolsbee & Barkin.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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