Free Trial

Treasury Futures Steady, Curves Slightly Steeper

US TSYS
  • Jun'24 10Y are largely unchanged from earlier trading at 110-02+, +05 from NY closing levels and just off earlier highs of 110-03. There has been little in the way of market headlines, while ranges are well within Mondays.
  • Looking at technical levels: Initial support lays at 109-24+ (March 18 low and bear trigger) while below here the 109-14+ (Nov 28 low). While to the upside resistance holds at 110-31/31+ (50-day EMA / Mar 27 high), above here 111-10+ (Mar 13 high).
  • Cash Treasury have reversed some of Monday's moves, with curves slightly bull-steepening, the 2Y yield is -1.9bps at 4.691%, 10Y -0.6bps to 4.301%, while the 2y10y +1.067 at -38.548
  • Looking Ahead: JOLTS, Durable/Factory Orders, Fed Speak
114 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Jun'24 10Y are largely unchanged from earlier trading at 110-02+, +05 from NY closing levels and just off earlier highs of 110-03. There has been little in the way of market headlines, while ranges are well within Mondays.
  • Looking at technical levels: Initial support lays at 109-24+ (March 18 low and bear trigger) while below here the 109-14+ (Nov 28 low). While to the upside resistance holds at 110-31/31+ (50-day EMA / Mar 27 high), above here 111-10+ (Mar 13 high).
  • Cash Treasury have reversed some of Monday's moves, with curves slightly bull-steepening, the 2Y yield is -1.9bps at 4.691%, 10Y -0.6bps to 4.301%, while the 2y10y +1.067 at -38.548
  • Looking Ahead: JOLTS, Durable/Factory Orders, Fed Speak