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Treasury Futures Break Above Friday's Highs, Yield Curve Flatter

US TSYS
  • Mar'24 10Y futures are off earlier lows of 109-26 and now trade above highs from Friday, at 110-00+. 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 -1.7bps lower at 4.672%, the 10Y yield -1.4bps lower at 4.234%, while the 2Y10Y trade off lows made earlier to be -44.026.
  • 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.
  • Look ahead: New Home Sales & Dallas Fed Mfg Activity Index. Treasury auctions $63B 2Y & $64B 5Y, $70B 26W bills, $79B 13W bills auctions

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