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US TSYS: Tsys Futures Off Session Lows, Curve Flattens

US TSYS
USBulletMarketsFixed Income BulletsNorth America
  • Tsys futures are off session lows now with just the TU contract trading lower on the day, last -00⅛ at 102-25⅞, while TY is +12 at 109-07+
  • a bullish corrective cycle remains intact and the TY contract is holding on to its recent gains. 109-11, the 50-day EMA, remains exposed. It has been pierced, a clear break of it would strengthen a bullish theme and open 109-31, the Dec 18 high. The medium-term trend condition is bearish. The bear trigger is 107-06, the Jan 13 low. Initial firm support has been defined at 108-06, the Jan 23 low.
  • The 2yr yield rose 7bps earlier, and now trade just 3.5bps higher at 4.232%, while the 10yr is -4bps at 4.498%, just above the ytd lows of 4.486%.
  • The 2s10s curve has dropped 7.5bps to 26bps having now erased all the steepening made this year, while teh 2s30s is -8.5bps at 50bps.
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  • Tsys futures are off session lows now with just the TU contract trading lower on the day, last -00⅛ at 102-25⅞, while TY is +12 at 109-07+
  • a bullish corrective cycle remains intact and the TY contract is holding on to its recent gains. 109-11, the 50-day EMA, remains exposed. It has been pierced, a clear break of it would strengthen a bullish theme and open 109-31, the Dec 18 high. The medium-term trend condition is bearish. The bear trigger is 107-06, the Jan 13 low. Initial firm support has been defined at 108-06, the Jan 23 low.
  • The 2yr yield rose 7bps earlier, and now trade just 3.5bps higher at 4.232%, while the 10yr is -4bps at 4.498%, just above the ytd lows of 4.486%.
  • The 2s10s curve has dropped 7.5bps to 26bps having now erased all the steepening made this year, while teh 2s30s is -8.5bps at 50bps.