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TY Testing Support Cluster Base

US TSY FUTURES

On top of the above, a reminder that TY futures bears will be looking to break the support cluster layered in to 109-15, with the base representing the Feb 16 low. The contract has printed a low of 109-15+ thus far.

  • A breach of 109-15 would expose the Nov 28 low and deepen the bearish technical backdrop.
  • Little in the way of headline flow surrounding the latest downtick in futures/uptick in yields.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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