October 28, 2024 02:44 GMT
US TSYS: Tsys Curve Bear-Steepens, 30yr At 4.54%
US TSYS
- Tsys curve continues to bear-steepen, the 30yr yield is now testing the July 24 highs of 4.54%. The 2s30s curve has steepened 1.5bps to 40.50, although the curve is still about 20bps off its recent highs made late September.
- Volumes on tsys futures have surged today. TY is now -10+ at 110-23+, support is seen at 110-13 61.8% (retracement of the Apr - Sep bull cycle (cont))
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