Free Trial

Tsys Futures Little Changed Ahead Of July 4th Holiday

US TSYS
  • Treasury futures are little changed today, with cash trading closed for the July 4th Holiday. TU is trading -0-00¾ at 102-04⅛, while TY is slightly underperforming the front-end at -0-03+ at 109-30.
  • The 10y yields remains within the recent downward trend at 4.36%, after reaching recent cycle highs of 4.375% in late April. The VIX is trading just off multi year lows at 12.09, while the BBG US Eco Surprise Index sits at the lowest levels 2015.
  • Overnight the US treasury sold $85b four-week bills at 5.28%, and $80b eight-week bills at 5.275%, signally investors are uncertain around the fed interest rate path.
  • The Fed's Goolsbee emphasized the need for more data before the US central bank can confidently cut interest rates, expressing concerns about the labor market cooling more rapidly than desired.
  • The US presidential candidate winning odds have been moving around a bit amid speculation Biden may drop out of the race, Kamala Harris has now become the favored Democratic nominee. According to PredictIt, Republicans are now at a 58% chance of winning, while the Democrats are at 44%
179 words

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.
  • Treasury futures are little changed today, with cash trading closed for the July 4th Holiday. TU is trading -0-00¾ at 102-04⅛, while TY is slightly underperforming the front-end at -0-03+ at 109-30.
  • The 10y yields remains within the recent downward trend at 4.36%, after reaching recent cycle highs of 4.375% in late April. The VIX is trading just off multi year lows at 12.09, while the BBG US Eco Surprise Index sits at the lowest levels 2015.
  • Overnight the US treasury sold $85b four-week bills at 5.28%, and $80b eight-week bills at 5.275%, signally investors are uncertain around the fed interest rate path.
  • The Fed's Goolsbee emphasized the need for more data before the US central bank can confidently cut interest rates, expressing concerns about the labor market cooling more rapidly than desired.
  • The US presidential candidate winning odds have been moving around a bit amid speculation Biden may drop out of the race, Kamala Harris has now become the favored Democratic nominee. According to PredictIt, Republicans are now at a 58% chance of winning, while the Democrats are at 44%