Free Trial

US TSYS: Post-New Home Sales React

US TSYS
  • Treasury futures holding near recent session lows, little reaction to better than expected new home sales for December. Still bid, futures have scaled back overnight risk-off support on weaker stocks tied to China's DeepSeek AI startup.
  • Treasury Mar'25 10Y futures currently +16 at 108-31 vs. 109-12 high - just below initial technical resistance of 109-12.5 (50-day EMA).
  • Cross asset comparison, stocks are weaker but well off lows (SPX Eminis -103.0 at 6029.50), Gold weaker (-27.33 at 2743.23), US$ index off lows (BBDXY +.21 at 1295.37), volatility index gaining (VIX +3.61 at 18.46).
  • Focus remains on Wednesday's FOMC policy annc, as well as heavy corporate earning's docket this week. 
105 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 holding near recent session lows, little reaction to better than expected new home sales for December. Still bid, futures have scaled back overnight risk-off support on weaker stocks tied to China's DeepSeek AI startup.
  • Treasury Mar'25 10Y futures currently +16 at 108-31 vs. 109-12 high - just below initial technical resistance of 109-12.5 (50-day EMA).
  • Cross asset comparison, stocks are weaker but well off lows (SPX Eminis -103.0 at 6029.50), Gold weaker (-27.33 at 2743.23), US$ index off lows (BBDXY +.21 at 1295.37), volatility index gaining (VIX +3.61 at 18.46).
  • Focus remains on Wednesday's FOMC policy annc, as well as heavy corporate earning's docket this week.