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Retail sales and FOMC awaits

US TSYS SUMMARY

US Treasuries have remained in very tight range throughout our European morning session, as investors and the street awaits on the FOMC later today.

  • TYZ0 has traded 107k lots in a 139.15-13918+ (low/High) range
  • Core EGBs have also seen very limited price action, but have stayed underpinned despite the better bid in Equity futures.
  • US 5/30s curve is flat and within yesterday's ranges
  • Looking ahead, some focus on the US Retail Sales ahead of the awaited FOMC.
  • TY1 futures are up 0-1+ today at 139.18
  • 2y yields down -0.3bp today at 0.138%
  • 5y yields down -0.6bp today at 0.267%
  • 10y yields down -0.8bp today at 0.673%
  • 30y yields down -1.1bp today at 1.422%
  • 2s10s down -0.5bp today at 53.5bp
  • 10s30s down -0.4bp today at 74.8bp

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