October 24, 2024 15:05 GMT
US TSYS: Drifting Back Towards Session Highs
US TSYS
- Treasuries are moving higher again over the last few minutes - just south of early session highs. No obvious drivers for the latest move, however, with economic data and scheduled Fed speakers out of the way.
- US Treasury supply on tap: US Tsy $95B 4W, $90B 8W bill auctions at 1130ET followed by $24B 5Y TIPS auction at 1300ET.
- The Dec'24 10Y contract currently trades +10 at 111-11 vs. 111-13 session high, 10Y yield -.0458 at 4.1998%.Initial technical resistance well above at 112-18.5 (20-day EMA).
- Curves remain mixed: 2s10s -.810 at 15.532, 5s30s +1.018 at 46.994.
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