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Ticking off the low

US TSY FUTURES

Small bid off the lows in TYH4, bought in 3.5k as the US joined the session.

Small initial support is still at 111.00 initially, but....

  • After falling some 2 points post the big NFP beat, to a 110.22+ low on Monday, and after making another attempt at that level Yesterday, down to 110.23+, which were the lowest print since 13th December, the US 10yr Yield remains below the January high.
  • The 4.1957% double top in January remains intact, printed a 4.1753% high on Monday and 4.1694% high Yesterday, with Investors fading off these levels.
  • Nonetheless, the key initial area would still be seen at 4.20%, today equates to circa 110.17.

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