February 19, 2025 04:06 GMT
US TSYS: Tsys Futures Stead Ahead Of FOMC Minutes
US TSYS
- Tsys futures are slightly lower today, ranges are narrow while volumes are low. TU is -00¼ at 102-21⅞, while TY is -00+ 108-26+
- There has been very little in the way of US headlines throughout the session. The RBNZ cut rates for 50bps, while BOJs Takata spoke earlier where he reiterated that the central bank is in a position to adjust policy rates further if the outlook is met. Takata stated that risks of big market moves have been lowered, giving the central bank more flexibility.
- Cash tsys yields are flat to 1bps lower. The 2yr is -0.8bps at 4.297%, while the 10yr is -0.4bps at 4.564%.
- MNI's preview of the Minutes includes what to watch for upon release; MNI's FOMC Hawk-Dove Spectrum, and key highlights of FOMC participant commentary since the January meeting. PDF here
- Later today we have Housing stars, Building Permits, & FOMC meeting minutes
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