October 03, 2024 09:27 GMT
US TSY FUTURES: Looking to test initial support
US TSY FUTURES
- Worth keeping an eye on TYZ4 and the 114.07 support level, this was last Thursday's low and we tested that level twice this week, without breaking it.
- There's some small demand here, TYZ4 bought in 3.5k to keep it 114.08 bid.
- A clear break through that level would open to 114.01.
- Further out, looking at the 10yr Yield, next level is seen towards 3.8642%, the 23.6% retrace of the April/September range, would equate to circa 113.27+.
(Chart source/MNI/Bloomberg).
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