Free Trial

Treasury Futures Unchanged On Light Volumes

US TSYS
  • Treasury futures have done very little so far during the Asian session, volumes remain low and ranges tight making a high of 110-26+ and lows of 110-23 and trade back to unchanged for the day at 110-24
  • Looking at technicals, the trend remains down with the bear trigger at 110-05+/109-25+ (Low Mar 1 / Low Feb 23), a break here would resume the downtrend and open 109-14+ (Nov 28 low) While to the upside a break of 111-01/111-02 High (Mar 4 / Feb 1) is needed in order to test 111-06+ (50-day EMA) which could signal a trend reversal.
  • Treasury Yields are 0-1bp higher, the 2Y is +0.2bp higher at 4.604%, 10Y +0.6bp higher at 4.219%
  • There has been little in the way of headlines, Trump won North Dakota as we head into Super Tuesday later, while Blinken is to meet with Qatar PM and Israel Minister Gantz later today.
  • Looking ahead: S&P Final PMIs, ISM Services & Factory Orders out later today.
  • 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.