May 29, 2024 00:41 GMT
Treasury Futures Near Overnight Lows, 7yr Supply Later Today
US TSYS
- Treasury futures are a touch lower this morning, although trade just above the overnight lows. TU is ( - 00.25) at 101-13.375 vs 101-13.25 lows, while TY is (- 01) at 108-08+ vs 108-06+ lows.
- Volumes: TU 21k, FV 14.2k & TY 24k
- Cash treasury curve is slightly flatter today, the 2Y +0.2bps to 4.979%, while the 10Y -0.8bp at 4.542%, the 2y10y was +1.225 at -44.297
- Later tonight we have another $44b of 7yr supply which may keep a recovery in yields limited for the moment.
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