Free Trial

US TSYS: Tsys Futures Edge Higher, Front-End Outperforming

US TSYS
  • Tsys futures are pushing higher this morning, with the front-end outperforming. TUZ4 is now trading above the overnight highs +02⅞ at 104-12⅜, while TYZ4 is is + 08 at 115-14.
  • Looking at TYZ4 techs, the trend needle in treasuries continues to point north and this week’s gains reinforce this theme. Wednesday’s initial rally resulted in a print above key resistance and the bull trigger at 115-19, the Aug 5 high. Initial resistance 115-23+ (Sep 11 highs) while support rests at 114-27+ (Sep 10 lows)
  • Cash tsys yields are 2-5bps lower, curve have steepened. The 2yr has made new lows and now trades -5.1bps at 3.592%, while the 10yr is trading just of overnight lows at 3.644%, while the 2s10s is 1.776 at 4.837
  • The FOMC kicks off a two-day meeting on Tuesday next week, the OIS market is pricing in about a 20% chance of a 50bps cut.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.