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US TSYS: Cash Yields Open Steady, US Consumer Confidence Tonight

US TSYS

TYH4 is trading at 111-19+, + 03 from NY closing levels. Tsy futures are holding onto gains in early morning Asia trading, post the Treasury’s Marketable Borrowing Estimates

  • Mar'24 10Y futures (TYH4) hit a 111-23 high, +22 overnight, continues to see-saw near the top end of range since January 18. Initial technical resistance at 112-01+ (High Jan 17).
  • In Cash yields have opened slightly higher, 0.6% to unchanged across the curve in Asia, the 2Y is 0.6% higher, while the 10Y is 0.2% higher.
  • Outside of any notable news , the focus will remain on this weeks FOMC announcement
  • Data Tonight: House Price Index, Consumer Confidence, Job Openings

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