November 28, 2024 17:02 GMT
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
110 words