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Treasury Futures Make Fresh Lows Ahead Of Further Supply Tonight

US TSYS
  • Treasury futures have broken below overnight lows TU is ( - 00+) at 101-13.125, support holds at 101-09.875, while TY is (- 04) at 108-05+ clearing support at 108-06, next support is may 2nd lows of 107-25.
  • Volumes: TU 49k, FV 38.5k & TY 99k
  • Cash treasury curve is slightly flatter today, the 2Y +0.9bps to 4.985%, while the 10Y +0.6bp at 4.556%, the 2y10y is +2.029 at -41.043, we are now about 8bps off recent lows.
  • Across Local Markets: ACGBs are 12-14bps higher, curve is steeper, NZGBs are 5-7.5bps higher, curve steeper, JGBs are 1-4bps higher curve is mixed, with the 10Y yield +4.3bps higher and now at 1.062%
  • Later tonight we have another $44b of 7yr supply which may keep a recovery in yields limited for the moment.
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  • Treasury futures have broken below overnight lows TU is ( - 00+) at 101-13.125, support holds at 101-09.875, while TY is (- 04) at 108-05+ clearing support at 108-06, next support is may 2nd lows of 107-25.
  • Volumes: TU 49k, FV 38.5k & TY 99k
  • Cash treasury curve is slightly flatter today, the 2Y +0.9bps to 4.985%, while the 10Y +0.6bp at 4.556%, the 2y10y is +2.029 at -41.043, we are now about 8bps off recent lows.
  • Across Local Markets: ACGBs are 12-14bps higher, curve is steeper, NZGBs are 5-7.5bps higher, curve steeper, JGBs are 1-4bps higher curve is mixed, with the 10Y yield +4.3bps higher and now at 1.062%
  • Later tonight we have another $44b of 7yr supply which may keep a recovery in yields limited for the moment.