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Tsys Futures Edge Higher, Curve Flattens

US TSYS
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • Treasury futures have ticked higher today with the long-end outperforming, TUU4 is + 00¾ at 102-19⅝, while TYU4 is trading + 04 at 111-03+.
  • Tsys flows: Block Seller 2,590 TY DV01 168k, Block Buyer 2,900 TU DV01 110k
  • Volumes: Slightly below recent averages with TU 41k, FC 45k & TY 75k
  • Cash treasury curve has bull-flattened throughout the day with yields 1.5-2.5bps lower.
  • APAC Rates: ACGB yields are 6-8bps lower, with better buying through the belly, NZGB yields are 5-8bps lower with the curve bull-flattening and JGB yields are 1-3.5bps lower, curve bull-flattening.
  • Projected rate cut pricing into year end have gained vs. this morning's levels (*): July'24 at -6.5% w/ cumulative at -1.6bp at 5.313%, Sep'24 cumulative -27.5bp (-24.8bp), Nov'24 cumulative -44.1bp (-41.6bp), Dec'24 -65.8bp (-63.3bp).
  • Today, Retail Sales, Import/Export Price Index
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  • Treasury futures have ticked higher today with the long-end outperforming, TUU4 is + 00¾ at 102-19⅝, while TYU4 is trading + 04 at 111-03+.
  • Tsys flows: Block Seller 2,590 TY DV01 168k, Block Buyer 2,900 TU DV01 110k
  • Volumes: Slightly below recent averages with TU 41k, FC 45k & TY 75k
  • Cash treasury curve has bull-flattened throughout the day with yields 1.5-2.5bps lower.
  • APAC Rates: ACGB yields are 6-8bps lower, with better buying through the belly, NZGB yields are 5-8bps lower with the curve bull-flattening and JGB yields are 1-3.5bps lower, curve bull-flattening.
  • Projected rate cut pricing into year end have gained vs. this morning's levels (*): July'24 at -6.5% w/ cumulative at -1.6bp at 5.313%, Sep'24 cumulative -27.5bp (-24.8bp), Nov'24 cumulative -44.1bp (-41.6bp), Dec'24 -65.8bp (-63.3bp).
  • Today, Retail Sales, Import/Export Price Index