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Tsys Futures Little Changed, No Cash Trading For Labor Day Holiday

US TSYS
  • Tsys futures have done very little today, we trade unchanged from opening levels. Cash trading is closed due to the public holiday in the US tonight.
  • The past week has seen a bear-steepening move, the 2yr trade about 2bps lower, while further out the curve we trade 3-10bps higher.
  • The 2s10s closed at -1.721 the least inverted weekly close since June 2022, although the curve did briefly un-invert on August 5th following the market sell-off

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