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Treasuries Edge Lower As Waller Speaks
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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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.