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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

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  • 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

Keep reading...Show less