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Tsys Futures Off Early Morning Lows

US TSYS

YH4 is currently trading at 109-23, down -01 from New York closing levels.
Treasury futures are trading in a tight range in Asia, just off the lows from the morning while volumes continue to remain light.

  • Mar'24 10Y futures have been trading in a tight range in Asia, with lows of 109-19, and highs of 109-23, we currently trade toward the upper range at 109-22 well within Monday ranges.
  • Cash yields opened with the curves 1-4bps higher this morning and we now currently trade 1-3bps higher in yield terms. The 2Y yield is +0.4bp to 4.646%, the 10Y is +2.2bps higher at 4.301% just below ytd highs of 4.33%, while the 2y10y is +1.737 at -34.715.
  • Looking ahead later today, Philadelphia Fed Non-Manufacturing Activity & Leading Index Data is due out.

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