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US TSYS: Scaling Off Session Highs

US TSYS
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • Still bid, Treasury futures have receded from session highs as IDF officials report "no additional threats" after Iran missile attack largely intercepted in transit to Israel. Israelis being allowed to exit shelters (see 1342ET bullet).
  • Dec'24 10Y futures trade 114-24.5 (+15.5) after revisiting midmorning high of 115-00.5. 10Y yield currently -.0494 at 3.7315%. Curve hold mixed with 2s10s -1.672 at 12.107, 5s30s +0.338 at 56.224.
  • Note, projected rate cut pricing into year end gaining some momentum vs. this morning's levels (*): Nov'24 cumulative -34.9bp (-35.4bp), Dec'24 -70.8bp (-68.9bp), Jan'25 -102.3bp (-102.1bp).
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  • Still bid, Treasury futures have receded from session highs as IDF officials report "no additional threats" after Iran missile attack largely intercepted in transit to Israel. Israelis being allowed to exit shelters (see 1342ET bullet).
  • Dec'24 10Y futures trade 114-24.5 (+15.5) after revisiting midmorning high of 115-00.5. 10Y yield currently -.0494 at 3.7315%. Curve hold mixed with 2s10s -1.672 at 12.107, 5s30s +0.338 at 56.224.
  • Note, projected rate cut pricing into year end gaining some momentum vs. this morning's levels (*): Nov'24 cumulative -34.9bp (-35.4bp), Dec'24 -70.8bp (-68.9bp), Jan'25 -102.3bp (-102.1bp).