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US TSY FUTURES: Session Highs An Hour Before Early Close

US TSY FUTURES
  • TYH5 trades at joint session highs of 110-29+ (00+ on the day) with an hour to go until the early close. Volumes are unsurprisingly extremely low on Thanksgiving (cumulative 175k).
  • Yesterday’s high of 111-01, seen after an extended move following the strong 7Y auction, marks initial resistance after which lies 111-14 (50-day EMA).
  • Gains are considered corrective though, with support seen at 109-20 (Nov 20/21 lows).
  • Market operating hours over Thanksgiving:
    • Cash Tsys: Thursday Nov 28: closed, Friday Nov 29, shortened session closing at 14:00 NY/13:00 Chicago.
    • Tsy futures: Thursday Nov 28: goes into pre-open (early close, no settlement) at 13:00 NY/12:00 Chicago, Friday Nov 29: Early close at 13:15 NY/12:15 Chicago
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  • TYH5 trades at joint session highs of 110-29+ (00+ on the day) with an hour to go until the early close. Volumes are unsurprisingly extremely low on Thanksgiving (cumulative 175k).
  • Yesterday’s high of 111-01, seen after an extended move following the strong 7Y auction, marks initial resistance after which lies 111-14 (50-day EMA).
  • Gains are considered corrective though, with support seen at 109-20 (Nov 20/21 lows).
  • Market operating hours over Thanksgiving:
    • Cash Tsys: Thursday Nov 28: closed, Friday Nov 29, shortened session closing at 14:00 NY/13:00 Chicago.
    • Tsy futures: Thursday Nov 28: goes into pre-open (early close, no settlement) at 13:00 NY/12:00 Chicago, Friday Nov 29: Early close at 13:15 NY/12:15 Chicago