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TY Pressured On Thursday, Cash Reopens Today

US TSYS

TYZ3 deals at 108-19+, -0-06+, in line with yesterday's closing levels.

  • Cash tsys were closed yesterday, for the observance of a national holiday, and will re-open in just under 1 hour.
  • TY ticked lower through yesterday's session as news that Germany will suspend debt limits for a fourth consecutive year weighed on Bunds and the wider FI space.
  • Volumes remained low with narrow ranges for the most part.
  • The short-term structure in TY remains bullish, resistance comes in at 109-08+ the Nov 17 high. The 50-Day EMA (108-05) provides support.
  • National CPI from Japan provides the highlight in Asia, further out we have flash S&P Global PMIs.

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