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US TSYS: Tsys Futures Steady Ahead Of Quiet Session

US TSYS
USBulletMarketsFixed Income BulletsNorth America
  • There is little to mention for Tsys today, ranges have been very narrow volumes are below average, with little on the calendar tonight and fed speakers in blackout period ahead of the FOMC next week. TU is -00¾ at 102-31⅛, TY is  -00+ at 110-11+.
  • Cash tsys have seen a decent steepening move over the week, with the 2s10s very briefly inverting on Dec 6 to trade at 13.152 now. The 2yr yield has risen 8bps over the past week to now trade 4.184%, while the 10yr is trading 16.5bps higher this week at 4.318%.

  • Michelle Neal, head of the New York Fed's markets group, will resign in March 2025 to join the private sector, marking the latest in a series of high-profile departures since 2022. Neal's exit comes at a critical time as the group handles liquidity withdrawal and monitors financial stability amid the US debt ceiling challenges. Anna Nordstrom will serve as interim head while a successor is sought, making Neal the third markets head to depart in under six years.

     

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  • There is little to mention for Tsys today, ranges have been very narrow volumes are below average, with little on the calendar tonight and fed speakers in blackout period ahead of the FOMC next week. TU is -00¾ at 102-31⅛, TY is  -00+ at 110-11+.
  • Cash tsys have seen a decent steepening move over the week, with the 2s10s very briefly inverting on Dec 6 to trade at 13.152 now. The 2yr yield has risen 8bps over the past week to now trade 4.184%, while the 10yr is trading 16.5bps higher this week at 4.318%.

  • Michelle Neal, head of the New York Fed's markets group, will resign in March 2025 to join the private sector, marking the latest in a series of high-profile departures since 2022. Neal's exit comes at a critical time as the group handles liquidity withdrawal and monitors financial stability amid the US debt ceiling challenges. Anna Nordstrom will serve as interim head while a successor is sought, making Neal the third markets head to depart in under six years.