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Treasuries Steady Early, Rates Could Stay High According To Schmid

US TSYS
  • Slow start to tsys trading here in Asia, with futures little changed, the 10Y contract is just off overnight highs of 109-03+ and now trades at 109-02+, initial resistance is 109-06+/08+ (Channel top from Feb 1 high / 50-day EMA), while the 2Y trades at 101-22.875 down (- 00.25) from NY closing levels
  • Cash Treasury have opened little changed this morning, the curve is slightly flatter with yields 0.5bp higher to 0.5bp lower, the 2Y yield +0.4bps at 4.819%, 10Y +0.2bps to 4.441%.
  • (MNI) - Fed Pres Schmid, U.S. interest rates could stay high for a while and Federal Reserve policymakers can be patient about keeping borrowing costs at 23-year highs - (See link)

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