Free Trial

Tsys Futures Off Overnight Highs As Geopol Tensions Cool

US TSYS
  • Treasury futures have slipped in morning trade, with the front-end holding up slightly better. We are just off earlier lows however with TUU4 is - 01+ at 102-25⅜, while TYU4 is - 05 at 112-05+.
  • Cash treasuries yields have opened a touch higher, with the 10yr +2.1bps at 4.051%, we have traded below 4% since Feb 2nd.
  • The overnight rally was fueled by a haven bid as escalations increased between Israel & Iran, however there has been little update on the situation this morning.
  • Rate cut pricing a touch softer this morning, although a full cut is expected in September and a cumulative 71bps of cuts by the December meeting

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.