Free Trial

Tsys Futures Little Changed, Ranges Tight Ahead Of Fed Speakers

US TSYS
  • Treasury futures are little changed today, ranges have been very tight with TUU4 -0-00⅛ at 102-04+, while TYU4 is +0-00+ at 110-13+.
  • Volumes: TU 29k, FV 36k, TY 80k
  • Cash treasury curve is little changed, yields are about 1bps lower across the curve. The 2Y -1.1bps to 4.754%, 7Y -1.1bps to 4.68%, with the 10Y -1.2bps at 4.269%.
  • APAC Markets: ACGB yields are 3-4bps higher, NZGB yields are flat to 1.5bps higher, while JGBs are flat to 5bps higher, with better selling seen in the long end.
  • Short end selling sees rate cut projections cooling vs. late Friday levels (*): July'24 at -10% w/ cumulative at -2.5bp at 5.302%, Sep'24 cumulative -17.5bp (20bp), Nov'24 cumulative -26.6bp (-29.9bp), Dec'24 -46.1bp (-50.5bp).
  • Looking ahead, Retail Sales, IP/Cap-U and TIC Flows, Several Fed speakers on tap as well.

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.