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Souring Stocks Headwind For Rates

US TSYS

Tsys futures continue to move off first half lows -- tailwind for rates as equity continue to weaken, ESU1 nearing first resistance of 4410.7 (20D EMA) at 4413.75 at the moment. In case equities breach support, second level is 4362.25 -- Aug 3 low.
Yield curves running mildly flatter, Bonds still off early session highs.

  • 3M10Y -2.003, 117.401 (L: 114.397 / H: 120.412)
  • 2Y10Y -1.613, 103.569 (L: 101.175 / H: 105.538)
  • 2Y30Y -1.176, 170.208 (L: 167.702 / H: 172.049)
  • 5Y30Y -0.441, 115.917 (L: 114.954 / H: 117.146)

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