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Treasury Futures Edge Higher, Curve Steepens, Bostic Sees Year-End Cut

US TSYS
  • It has been a slow start to the Friday session when compared to Thursday, Jun'24 10Y futures are up (+ 02) at 109-17+, while the 2Y contract is trading up (+ 00.75) at 101-25.125.
  • The treasury curve has reversed some of the overnight moves and has bull-steepened, yields are 1-2.5bps lower, the 2Y yield -2.1bps at 4.795%, 10Y -1bps to 4.365%, while the 2y10y -3.665 at -42.246
  • There have been 2 x 15k Block trades in SFRZ4 options at 95.135 & 95.145, representing about 7% of the 20-day average volume.
  • MNI BRIEF: Bostic Repeats Fed Rate Cut At End of Year Likely - (See link)
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  • It has been a slow start to the Friday session when compared to Thursday, Jun'24 10Y futures are up (+ 02) at 109-17+, while the 2Y contract is trading up (+ 00.75) at 101-25.125.
  • The treasury curve has reversed some of the overnight moves and has bull-steepened, yields are 1-2.5bps lower, the 2Y yield -2.1bps at 4.795%, 10Y -1bps to 4.365%, while the 2y10y -3.665 at -42.246
  • There have been 2 x 15k Block trades in SFRZ4 options at 95.135 & 95.145, representing about 7% of the 20-day average volume.
  • MNI BRIEF: Bostic Repeats Fed Rate Cut At End of Year Likely - (See link)