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Tsy Curve Flattens Ahead of FOMC

US TSYS

TYH4 is trading at 111-25, + 05+ from NY closing levels.

US data out overnight showed higher than expected JOLTS jobs opening at 9.026m Vs 8.75m exp. Meanwhile, Conference Board Consumer Confidence data was in line with expectations for January, but the labour market differential increased strongly from 27.3 to 35.7 for its highest level since April. The 8.4pt increase was the strongest monthly increase since May’21.

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TYH4 is trading at 111-25, + 05+ from NY closing levels.

US data out overnight showed higher than expected JOLTS jobs opening at 9.026m Vs 8.75m exp. Meanwhile, Conference Board Consumer Confidence data was in line with expectations for January, but the labour market differential increased strongly from 27.3 to 35.7 for its highest level since April. The 8.4pt increase was the strongest monthly increase since May’21.

Keep reading...Show less