May 27, 2024 22:18 GMT
Treasury Futures Open Slightly Higher, Remain Rangebound
US TSYS
- Treasury futures have spent the past few session trading in very tight ranges as the US celebrated memorial day, we have opened up a touch with TU (+ 00.625) at 101-15.25 and TY (+ 01+) at 108-24+.
- Cash trading was closed on Monday, the 2y10y has broken below the trend line and the 200-day EMA, we now trade at the lowest levels for the year at -48.50bps, we now eye Dec lows of -56bps
- Today, we have the Fed's Mester & Bowman and ECB's Schnabel Speaking at the BoJ Event, FHFA House Price Index, Conf. Board Consumer Confidence & Dallas Fed Manf. Activity
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