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Treasuries Edge Lower As Waller Speaks

US TSYS

TYH4 is currently trading at 109-15, down - 01+ from New York closing levels
Treasury futures are edging lower as Fed's Gov Waller speaks, comments have largely been inline with earlier speeches from Fed's Lisa Cook and Fed's Harker

  • Mar'24 10Y futures are edging lower currently at 109-13+ but still a touch off the overnight lows of 109-10. Watch initial support at 109-10 (low Feb 22) a break here opens a move to 109-05+ (lows Nov 28). Mar'24 2Y futures have broken the overnight lows to trade at 101-26 ⅛, support now back at 101-24+ lows from Nov 27.
  • Waller Comments "Delaying cuts a few months shouldn't have a big impact". See the attached MNI coverage (MNI)

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