November 28, 2024 23:33 GMT
US TSYS: Treasury Activity Low On US Holiday.
US TSYS
- US10YR Dec24 future closed at 110-23, just off a high of 110-24 and session low of 110-18.
- US10YR Dec24 has opened up unchanged in Tokyo trading.
- Cash TSYS: Thursday Nov 28: closed, Friday Nov 29, shortened session closing at 14:00 NY/13:00 Chicago.
- TSY futures: Thursday Nov 28: goes into pre-open (early close, no settlement) at 13:00 NY/12:00 Chicago, Friday Nov 29: Early close at 13:15 NY/12:15 Chicago
- Unsurprisingly little change in Fed Funds implied rates today, showing 16bp of cuts for Dec before a cumulative 22bp for Jan, 35bp for Mar and 52bp for June.
- Cash markets have opened up unchanged in Tokyo with limited yield movement.
- T4.25 ’26 4.231% and T4.25% ’34 4.264% and the curve unchanged at +3bps.
US 10YR FUTURE TECHS: (H5) Corrective Cycle Extends
- RES 3: 111-26 High Oct 22
- RES 2: 111-14+ 50-day EMA
- RES 1: 111-00 High Nov 27
- PRICE: 110-29+ @ 16:53 GMT Nov 27
- SUP 1: 109-20 Low Nov 20/21
- SUP 2: 109-02+ Low Nov 15 and the bear trigger
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