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US TSYS:  Cash Yields Up as Futures Steady in Asia Trading. 

US TSYS
  • With the election drawing closer and the uncertainty over the result greater, the move lower in yield stalled in Asian trading with yields across the curve higher. 
  • Cash markets were weaker throughout the Asia trading day with the 2YR +0.4bp to 4.168, 10YR +1bp to 4.295 and the 30yr +1bp to 4.479.
  • The Dec’24 10Y futures traded in a very tight range, oscillating around 110-14 with little movement and low volumes.
  • Tonight’s data sees the release of the S&P Global US Services PMI, ISM Services Index / Prices Paid / Employment and New Orders and Mortgage Applications. 
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  • With the election drawing closer and the uncertainty over the result greater, the move lower in yield stalled in Asian trading with yields across the curve higher. 
  • Cash markets were weaker throughout the Asia trading day with the 2YR +0.4bp to 4.168, 10YR +1bp to 4.295 and the 30yr +1bp to 4.479.
  • The Dec’24 10Y futures traded in a very tight range, oscillating around 110-14 with little movement and low volumes.
  • Tonight’s data sees the release of the S&P Global US Services PMI, ISM Services Index / Prices Paid / Employment and New Orders and Mortgage Applications.