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The 4.70% level has held this year

US TSY FUTURES
  • US Tnotes (TYM4) still trades in a tight 4 big ticks range, despite the small bid going through into EGBs on the Cash open.
  • The contract hasn't managed to break 107.31, Yesterday's high, also printed a 107.31 so far today.
  • Above this area would see 108.10+, followed by 108.25+.
  • Key support is still at the 4.70% mark in Yield, which has held so far this Year.
  • Today, the 4.70% level will be lower in futures term, more towards 107.10.

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