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Treasury Futures Off Lows

US TSYS
  • Treasury futures remain weaker, but have bounced off midmorning lows in the last few minutes. No obvious headline or Block/cross driver at the moment: TYZ3 currently at 107-26.5 (-17) vs. 107-22 low, 10Y yield at 4.6327% (+.0603).
  • Initial technical support for TYZ3 is well below at 106-31 (20-day EMA), initial resistance at 108-25+ (High Sep 25).
  • Cross asset: Stocks are having a mildly rocky morning, S&P Eminis bounced off marginal lows at the same time as Tsys, have since scaled back support to near steady at 4376.00.

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