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Tsys Futures Edge Higher, Ranges Tight Ahead Of FOMC & CPI This Week

US TSYS
  • Treasury futures have edged slightly higher today trading near session's best and overnight highs. TU is +00+ at 101-28⅞, while TY is + 04 at 109-06+.
  • Volumes are on the low side with: TU 24k, FV 34k & TY 63k
  • Tsys Flow: 1500 Block Likely Buyer of FVU4 at 106-01¼
  • Looking at TYU4 technical levels, initial support is at 109-02 (Jun 10 lows), with the 108-27+(Jun 3 lows) the next target. While to the upside initial resistance is at 110-21 (June 7 highs), a break here would see a test of 110-27+ (1.00 proj of the Apr 25 - May 16 - 29 price swing)
  • Cash treasuries yields opened the session 0.5bp higher, the 2y is -1.1bps at 4.87%, while the 10y is -1.8bps at 4.449%
  • Looking ahead: NFIB Small Business Optimism, FOMC Begins Two-Day Meeting, 10y Bond Auction
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  • Treasury futures have edged slightly higher today trading near session's best and overnight highs. TU is +00+ at 101-28⅞, while TY is + 04 at 109-06+.
  • Volumes are on the low side with: TU 24k, FV 34k & TY 63k
  • Tsys Flow: 1500 Block Likely Buyer of FVU4 at 106-01¼
  • Looking at TYU4 technical levels, initial support is at 109-02 (Jun 10 lows), with the 108-27+(Jun 3 lows) the next target. While to the upside initial resistance is at 110-21 (June 7 highs), a break here would see a test of 110-27+ (1.00 proj of the Apr 25 - May 16 - 29 price swing)
  • Cash treasuries yields opened the session 0.5bp higher, the 2y is -1.1bps at 4.87%, while the 10y is -1.8bps at 4.449%
  • Looking ahead: NFIB Small Business Optimism, FOMC Begins Two-Day Meeting, 10y Bond Auction