Treasury futures continue to move lower

Bunds and gilts have reversed some of their losses over the past hour or so but Treasury futures are grinding lower.

• TYZ1 has continued its move lower and at the time of writing has moved through Friday's lows of 133-08 with the next support at 133-07, the September 1 lower. Below here is the 100-dma on the continuation chart at 133-02+ (which has shown to be relevant in the recent past). And then the 132-25+ the low of August 26 is below here. Our technical analyst notes that a key support lies at 132-21+, Aug 11 low. A break of this level is required to signal potential for a deeper pullback and potentially a stronger reversal.
• TY1 futures are down -0-4 today at 133-08+.
• Bund futures are down -0.14 today at 172.15 with 10y Bund yields up 0.3bp at -0.360% and Schatz yields up 0.2bp at -0.719%.
• Gilt futures are up 0.02 today at 128.37 with 10y yields down -0.8bp at 0.707% and 2y yields down -1.4bp at 0.180%.