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US TSYS: Off Highs For Only A Modest Rally, Data In Focus

US TSYS
USEM BulletGlobalEmerging Market NewsData BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsRegionNorth America
  • Treasuries sit firmer on the day although are off highs with some help from S&P 500 futures pushing towards yesterday’s high.
  • The front end to belly has remained within yesterday’s range throughout but the longer end earlier probed new highs.
  • Cash yields are 1-2bp lower, with declines led by 3s. 10Y yields at 4.196% hold their pull back off Wednesday’s 4.256% that had marked fresh highs since July.
  • 2s10s came close to lows early in the week but is back near unchanged at 13.8bps.
  • TYZ4 is unchanged at 111-09 off an earlier high of 111-14 on subdued volumes of 260k. A bearish trend condition is maintained with support at 111-04 (200-dma) before 110-30+ (Oct 23 low), whilst resistance is seen at 112-14+ (20-day EMA).
  • Data: Durable goods Sep prelim (0830ET), U.Mich survey Oct final (1000ET), KC Fed services Oct (1100ET)
  • Fedspeak: Collins fireside chat (1100ET), FOMC blackout starts Sat 1200am ET
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  • Treasuries sit firmer on the day although are off highs with some help from S&P 500 futures pushing towards yesterday’s high.
  • The front end to belly has remained within yesterday’s range throughout but the longer end earlier probed new highs.
  • Cash yields are 1-2bp lower, with declines led by 3s. 10Y yields at 4.196% hold their pull back off Wednesday’s 4.256% that had marked fresh highs since July.
  • 2s10s came close to lows early in the week but is back near unchanged at 13.8bps.
  • TYZ4 is unchanged at 111-09 off an earlier high of 111-14 on subdued volumes of 260k. A bearish trend condition is maintained with support at 111-04 (200-dma) before 110-30+ (Oct 23 low), whilst resistance is seen at 112-14+ (20-day EMA).
  • Data: Durable goods Sep prelim (0830ET), U.Mich survey Oct final (1000ET), KC Fed services Oct (1100ET)
  • Fedspeak: Collins fireside chat (1100ET), FOMC blackout starts Sat 1200am ET