December 02, 2024 04:53 GMT
US TSYS: Sell Off Continues into European Session..
US TSYS
- Treasuries have continued to be weak in the Asian trading day, with bond yields higher and futures lower in today's trading.
- Cash trading yields are 3-5bps higher across the curve with the 10-year +4.4bps to 4.217%.
- The five year was the underperformer today up 5bps in yield at 4.10%.
- US10YR Mar25 future is down +04 at the open to 111-01 , having closed Friday at +111-05.
- Risk appetite has opened strongly in the region with most equity markets up strongly, with Taiwan and China leading the way.
- President-elect Trump has threatened BRICs nations about their need to continue using the USD as the base currency and this has put a firm bid under the USD today.
- Tonight sees ISM data in the US alongside Manufacturing PMI and construction spending.
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