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TY Breaches Monday's High

US TSYS

TYZ3 deals at 108-31, +0-04, a 0-05 range has been observed on volume of ~70k.

  • Cash tsys sit 1-3bps richer across the major benchmarks, light bull flattening is apparent.
  • Tsys have ticked higher through the Asian session as risk sentiment improves in Asia, the greenback is pressured and the Hang Seng is firmer.
  • Gains have been marginally pared as news has crossed of an agreement between Hamas and Israel for the release of women and children hostages (RTRS), the story is developing and we are awaiting more details.
  • TY sits above Monday's high, Technically the trend condition is bullish, resistance comes in at 109-08+ Nov 17 high then 109-20 Sep 20 high. Support is at the 50-Day EMA (108-03).
  • The docket in Europe is thin today, further out FOMC minutes from the Nov 1 policy meeting cross, as does Existing Home Sales.

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