April 15, 2024 05:31 GMT
Treasury Futures Erase Friday Moves As Geopol Tensions Simmer
US TSYS
- Treasury futures have continued their move lower, after briefly seeing some strength during the morning session. Jun 24' 10Y futures reached a post open high of 108-18+, before reversing those moves to trade at intraday lows of 108-08+, we trade just off those levels as Europe logs in down - 11+ at 108-10+.
- Earlier there was a 10Y block trade in 2.95k size at 108-14+, likely seller.
- Cash Treasury curve has bear-steepened, and erased earlier gains the 2Y yield +2.2bps at 4.918%, 10Y +3.1bp to 4.552%, while the 2y10y is +0.681 at 36.827
- Looking ahead: Retail Sales and Fed Speak with Dallas Fed Logan, NY Fed Williams Bbg TV interview, SF Fed Daly keynote remarks.
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