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TY Futures Back Near Unchanged On Independence Day

US TSYS
  • TYU3 trades in the higher half of a narrow 8+ tick range for currently just 1 tick richer on the day at 111-31.
  • The earlier session low of 111-25+ probed support at the same level from Jun 30, mostly through the London session before pulling higher later when more firmly into US hours to leave it back in yesterday’s range. A more concerted push lower could open 111-14+ (Mar 9 low) after which lies the key 110-27+ (Mar 2 low).
  • Volumes are unsurprisingly thin with the US out for Independence Day (cumulative volumes 180k), ahead of tomorrow’s snap back to more normal trading activity ahead of the FOMC minutes before the usual data releases in the build up to Friday’s payrolls report.

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