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US TSYS: Tsys Futures Edge Higher, Curve Flattens Ahead Of Jobless Data

US TSYS
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • Tsys futures are edging slightly higher over the first half of the session, and are on track to snap their three day decline. Tsys futures are now trading back at the highs made during the US session overnight. Flows have been slightly down on recent averages, earlier there was a 5s30s block steepener, which saw the 5yr outperform through the middle of the session.
  • TU was last +01⅝ at 103-06¼, while TY is +04+ at 111-05+, with all contracts trading near session best.
  • The cash tsys curve has seen better buying through the 3-10yr tenors. The 2yr is +1.8bps at 4.059% while the 10yr is -2.8bps at 4.216%. The 2s10s is -1bps at 15.417
  • Fed fund futures have held relatively steady over the past few session, the market is pricing in 23bps of cuts at November or a 92% chance of a cut, while there is currently 41bps of cuts priced by December.
  • Today we have weekly jobless claims, flash PMIs, New Home Sales, regional Fed data from Chicago and Kansas City
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  • Tsys futures are edging slightly higher over the first half of the session, and are on track to snap their three day decline. Tsys futures are now trading back at the highs made during the US session overnight. Flows have been slightly down on recent averages, earlier there was a 5s30s block steepener, which saw the 5yr outperform through the middle of the session.
  • TU was last +01⅝ at 103-06¼, while TY is +04+ at 111-05+, with all contracts trading near session best.
  • The cash tsys curve has seen better buying through the 3-10yr tenors. The 2yr is +1.8bps at 4.059% while the 10yr is -2.8bps at 4.216%. The 2s10s is -1bps at 15.417
  • Fed fund futures have held relatively steady over the past few session, the market is pricing in 23bps of cuts at November or a 92% chance of a cut, while there is currently 41bps of cuts priced by December.
  • Today we have weekly jobless claims, flash PMIs, New Home Sales, regional Fed data from Chicago and Kansas City