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TYZ2 Consolidates Post-Data/FOMC Climb

US TSYS
  • TYZ2 sees a Thanksgiving early close 11 ticks higher at 113-09+ although ran a very narrow range of 113-09+-113-15 through US hours on unsurprisingly slim volumes.
  • The day’s gains were seen earlier in London hours before plateauing with a beat for the German Ifo survey.
  • In clearing resistance at 113-11 (Nov 16 high), it has opened the key 113-30 (Oct 4 high) but is yet to make inroads. Tomorrow’s docket is suitably quiet post-Thanksgiving, with a return of Fedspeak on Monday and an eye on Powell for Wednesday.

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