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Treasury Futures Edge Higher, Testing Wednesday Highs

US TSYS
  • Jun'24 10Y futures are testing Wednesday highs of 108-08 now + 02+ at 108-07+, after earlier edging lower on comments from the Fed's Bowman, there seems to be little in the way of catalyst for the reversal.
  • Cash Treasury yields have reversed earlier moves and now trade 1-2bps lower, the 2Y yield -1.7bps at 4.915%, 10Y -1.4bps to 4.573%.
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  • Jun'24 10Y futures are testing Wednesday highs of 108-08 now + 02+ at 108-07+, after earlier edging lower on comments from the Fed's Bowman, there seems to be little in the way of catalyst for the reversal.
  • Cash Treasury yields have reversed earlier moves and now trade 1-2bps lower, the 2Y yield -1.7bps at 4.915%, 10Y -1.4bps to 4.573%.