Free Trial

Treasuries Edge Higher, 2y10y Makes Fresh New lows

US TSYS
  • Mar'24 10Y futures have been grinding higher throughout the day, with little in the way of market news, trading near highs of the day at 110-01+, vs highs of 110-02+. Levels to watch to the upside are initial resistance is at 110-14+ (20-day EMA) above here opens a moved to 110-17+ (high Feb 15), while on the downside initial support is at 109-10 (Low Feb 23) a break here opens the Nov 28 lows at 109-05+,
  • Treasury yield curves are flatter today, with the 2Y yield -1.9bps lower at 4.671%, the 10Y yield -2.2bps lower at 4.226%, while the 2Y10Y made fresh yearly lows earlier to now trade mostly unchanged at -44.594.
  • Biden to meet congress leaders on Tuesday a bid to unlock billions of dollars in emergency aid to allies including Ukraine and avert a US government shutdown.

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.