Free Trial

US TSYS: Post-Michigan Sentiment Data React

US TSYS
  • Treasury futures remain off session lows, see-sawing in recent ranges after UofM sentiment & expectations decline while 1Y inflation exp matches prior moth at 3.3%, 5-10Y dips to 3.2% from 3.3% prior.
  • Tsy Mar'25 10Y futures steady at 108-12, still well within technicals: resistance above at 109-04/109-06 (High Jan 21 / High Dec 31) vs. support at 108-00/107-06 (Low Jan 16 / 13 and the bear trigger).
  • Curves extend steepening with 2s and 5s outperforming, 2s10s +3.808 at 37.841, 5s30 +2.546 at 43.982.
81 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Treasury futures remain off session lows, see-sawing in recent ranges after UofM sentiment & expectations decline while 1Y inflation exp matches prior moth at 3.3%, 5-10Y dips to 3.2% from 3.3% prior.
  • Tsy Mar'25 10Y futures steady at 108-12, still well within technicals: resistance above at 109-04/109-06 (High Jan 21 / High Dec 31) vs. support at 108-00/107-06 (Low Jan 16 / 13 and the bear trigger).
  • Curves extend steepening with 2s and 5s outperforming, 2s10s +3.808 at 37.841, 5s30 +2.546 at 43.982.