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Tsys Futures Steady Ahead Of PCE Later

US TSYS
  • Treasury futures are little changed today, with investors awaiting today's data in particular core PCE, while personal income and spending, U. of Mich. Sentiment will also closely watched. TUU4 is unchanged at 102-16+, while TYU4 is + 01+ at 110-27.
  • Volumes were on the low side today, there was a block buyer of 2,900 FV earlier.
  • Cash treasury curve is little changed today, yields are about 0.5bps higher, with the 10Y at 4.243%
  • The 2s10s reached it's least inverted level for the year overnight, although we now trade off those levels down 8bps at -19bps.
  • (Bloomberg) PREVIEW: June PCE to Show Stretched Consumers, Soft Inflation - See link
  • US futures are currently fully pricing in a cut in September, with cumulative 66bps of cuts in year-end.
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  • Treasury futures are little changed today, with investors awaiting today's data in particular core PCE, while personal income and spending, U. of Mich. Sentiment will also closely watched. TUU4 is unchanged at 102-16+, while TYU4 is + 01+ at 110-27.
  • Volumes were on the low side today, there was a block buyer of 2,900 FV earlier.
  • Cash treasury curve is little changed today, yields are about 0.5bps higher, with the 10Y at 4.243%
  • The 2s10s reached it's least inverted level for the year overnight, although we now trade off those levels down 8bps at -19bps.
  • (Bloomberg) PREVIEW: June PCE to Show Stretched Consumers, Soft Inflation - See link
  • US futures are currently fully pricing in a cut in September, with cumulative 66bps of cuts in year-end.