April 29, 2024 19:02 GMT
Post Borrowing Requirement Estimates React
US TSYS
- Treasury futures are scaling off late session highs after the Tsy raises April-June borrow estimates to $243B from $202B.
- Jun'24 10Y futures at 107-27.5 (+9) vs. 107-31 high, still below initial technical resistance at 108-15.5 (20-day EMA). Curves flatter but off lows (2s10s -1.832 at -35.496). 10Y yield slips to 4.6259% vs. 4.6074% low.
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