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Overnight Selling Into Strength

Tsy futures trading firmer ahead the NY open, off recent highs after trading narrow range through the Asian session.
  • No significant data today, but some Fed speak from MN Fed Kashkari and NY Fed Williams to digest
  • Sources reported better selling in intermediates to long end from Asian real$ accts, carry-over pre-auction short sets ahead todays 3Y and 10Y R/O note auctions. Sources note generally light cash volumes.
  • Tech-focus after last week's net rally/Friday reversal: first resistance, bull channel top of 134-03/05.5 remains intact.

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