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Treasury Futures Edge Slightly Higher, Curve Little Changed

US TSYS
  • Treasury futures have edged higher this start the week. however well within Friday's ranges. The 10Y contract is up (+ 02+) at 108-25, while the 2Y contract is up ( +00⅜) at 101-20.75
  • Looking at 10Y technicals, we still sit comfortably above initial support at 108-15+ (20-day EMA) a break here would open a retests of 107-04 (Apr 25 lows), while initial resistance is 109-06+/08+ (Channel top from Feb 1 high / 50-day EMA)
  • Cash Treasury curve is little changed this morning with the 2y10y -0.562 at -37.691, yields are about 1bps lower.
  • (MNI): Bowman Doesn’t See Rate Cuts Being Warranted This Year - (see link)

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