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Treasury Futures Steady, 2y10y Near Lows

US TSYS

TYH4 is currently trading at 109-21+, up + 02 from New York closing levels

  • Mar'24 10Y futures opened at 109-23+ in Asia and have traded steady for the first hour, just below opening levels at 109-22. Futures remain in a downtrend and key levels to watch would be a retest of Mondays lows at 109-16, break of those levels would strengthen the bearish condition and signal scope for an extension towards 108-19+, the 61.8% Fibonacci level.
  • Treasury yields were 2-4bps higher on Monday, and as cash trading gets underway yield are continuing the move, the 2Y yield is +0.4bp higher at 4.723%, 10Y +0.6bp higher at 4.285%, while the 2y10y is at -44.535 hovering very close to Monday and the yearly lows.
  • Looking ahead: Durable Goods Orders, FHFA House Price Index, Conf. Board Consumer Confidence & Richmond Fed Manufact. Index out later today.

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