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Treasury Futures Erase Early Moves To Trade Unchanged

US TSYS

TYH4 is currently trading at 109-24, unchanged from New York closing levels.
Treasury futures have traded in a very tight range today, with little in the way of market headlines, as we await the US to come back from President's Day

  • Mar'24 10Y futures have been trading in a tight range in Asia, with lows of 109-17, and highs of 109-24 where we currently trade heading into the Asia break.
  • Cash yields opened with the curves 1-4bps higher this morning, and as the day as progress we have reversed most of that move to trade just 0-2bps higher in yield terms. The 2Y yield is unchanged today at 4.642%, the 10Y is +1.6bps higher at 4.395% while the 2y10y is +1.574 at -34.879
  • Looking ahead later today, Philadelphia Fed Non-Manufacturing Activity & Leading Index Data is due out.

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