Free Trial

Slightly Cheaper After Friday’s Rally

US TSYS

TYH4 is trading at 112-15+, -0-03 from NY closing levels.

  • March'24 10Y futures tested an initial resistance of 112-19 (High Jan 4) with a 112-26.5 high on Friday. The next technical level to watch is 113-12 (High Dec 27 and the bull trigger).
  • This came after US tsys finished Friday with another bull-steepening following lower-than-expected PPI data. US producer prices decreased 0.1% in December compared with expectations for a 0.1% increase. This saw the annual rate for headline and core prices at 1% and 1.8% respectively. Ex Food and Energy were lower than expected as well.
  • A reminder that the U.S. will observe the Martin Luther King Day public holiday on Monday, January 15. For FI futures: Globex will close at 1300ET on Monday and re-open at 1800ET, which precedes normal session hours on Tuesday.

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.