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Treasury Futures Hold Steady Ahead of FOMC Minutes


TYH4 is currently trading at 109-30+, - 00+ from New York closing levels
Treasury futures have opened slightly weaker in early trading, however have now recovered to trade mostly unchanged, as the market awaits FOMC minutes due out later today.

  • Mar'24 10Y Futures have done very little today, trading in tight ranges, lows of 109-27 and highs of 109-31. Initial resistance is 110-17 (Feb 15 high), while support holds at 109-17/15 (50.0% of Oct 19 - Dec 27 climb / Low Feb 16).
  • Yield curves have continued the steepening trend from Tuesday as yields move lower the 2Y yield -1.5bps lower to 4.597%, 10Y yield -0.4bp lower to 4.271%, while the 2y10y is +1.101 at -32.799
  • Looking ahead later today Main focused will be on the FOMC minutes, while MBA Mortgage Applications, Chicago Fed Nat Activity Index, Jobless Claims, S&P Global US PMI, and New & Existing Home Sales will also be out.

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