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Treasury Futures Test Lows Post Waller Speech

US TSYS

TYH4 is currently trading at 109-12, down - 04 from New York closing levels

Treasury futures have pushed lower post Fed's Gov Waller Speech, although comments were largely in line with earlier speeches from Fed's Lisa Cook and Fed's Harker.

  • Mar'24 10Y futures are just off Thursday lows (109-10) trading at 109-12, futures have continued to edge lower Post Fed speeches. Watch initial support at 109-10 (low Feb 22) a break here opens a move to 109-05+ (lows Nov 28). Mar'24 2Y futures broke the Thursday lows, and have continued to drift lower now at 101-25 ⅜, initial support holds at 101-24+ lows from Nov 27.
  • Earlier there was a 4,690 Mar'24 5Y Block Sold at 106-08¼, DV01 $194k.

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