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Steady ahead of US data

US TSYS SUMMARY

US Treasuries have stayed within the Asian session's range 139.13-139.20 (low/high), during our European morning session.

  • The contracts are trading heavy in line with EGB's, following the better bid in European stocks,
  • S&P initially followed suit, but lack real upside momentum, as the contract hover near the low of the session at the time of typing,
  • Looking ahead, US Jobless claims, Service PMI (final) and ISM Services Index will be in focus on the data front.
  • Fed Evans will be the scheduled speaker.
  • 2y yields up 0.4bp today at 0.138%- 5y yields up 0.9bp today at 0.261%
  • 10y yields up 1.4bp today at 0.663%
  • 30y yields up 1.6bp today at 1.396%
  • 2s10s up 1.0bp today at 52.5bp
  • 10s30s up 0.2bp today at 73.3bp

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