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Treasury Futures Tick Higher, Volumes Above Average, PCE Later

US TSYS
  • Sept Treasury futures are a touch higher this morning. TU is +0.125 at 101-25+ while TY has just ticked about resistance and overnight highs to be + 02+ at 108-20+, a hold above here would open a move to 108-30 (2--day EMA)
  • Volumes: TU 12k, FV 17k TY 45k
  • Cash treasury curve bull-flattened on Thursday, yields were 4-7bps lower. We have opened trading on Friday 1-1.5bp lower across the curve with the 2Y -1bps to 4.914%, the 10Y -1.2bp at 4.534%.
  • Looking ahead; PCE, Personal Income/Spending and MNI's Chicago PMI.
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  • Sept Treasury futures are a touch higher this morning. TU is +0.125 at 101-25+ while TY has just ticked about resistance and overnight highs to be + 02+ at 108-20+, a hold above here would open a move to 108-30 (2--day EMA)
  • Volumes: TU 12k, FV 17k TY 45k
  • Cash treasury curve bull-flattened on Thursday, yields were 4-7bps lower. We have opened trading on Friday 1-1.5bp lower across the curve with the 2Y -1bps to 4.914%, the 10Y -1.2bp at 4.534%.
  • Looking ahead; PCE, Personal Income/Spending and MNI's Chicago PMI.