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US TSYS: Buyers Driving Yields Lower Across the Curve. 

US TSYS
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • UST’s have had their fortunes turnaround with buyers emerging and yields moving lower.
  • UST yields were +1 – 1.8bp lower across the curve.
  • US 2YR -1bp to 4.256%, US 5YR -1.4bp to 4.262%, US 10YR -1bp to 4.426% and US 30YR -0.8bp to 4.605%.
  • US 10YR Dec24 Future didn’t follow the lead from cash and moved up to 109-19 from its 109-16 open.
  • It is likely that cash investors now have turned their attention away from the election result with the next focal point the upcoming FED meeting and the accompanying statement.
  • Currently this week’s meeting has a cut priced in but for the following meeting on December 18, there is only 19bps priced in. 
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  • UST’s have had their fortunes turnaround with buyers emerging and yields moving lower.
  • UST yields were +1 – 1.8bp lower across the curve.
  • US 2YR -1bp to 4.256%, US 5YR -1.4bp to 4.262%, US 10YR -1bp to 4.426% and US 30YR -0.8bp to 4.605%.
  • US 10YR Dec24 Future didn’t follow the lead from cash and moved up to 109-19 from its 109-16 open.
  • It is likely that cash investors now have turned their attention away from the election result with the next focal point the upcoming FED meeting and the accompanying statement.
  • Currently this week’s meeting has a cut priced in but for the following meeting on December 18, there is only 19bps priced in.