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US TSYS: Tsys Futures Edges Slightly higher, Ranges Narrow, Volumes Low

US TSYS
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • Tsys futures have edged slightly higher throughout the session, ranges have been narrow, while volumes are well down on Monday's. It has been a very quiet session for headlines or economic data. Asian equities have seen some weakness over the past hour, however nothing major to note. TU is +00⅜ at 103-01⅞, while TY is +02 at 110-24+, key support is seen at 110-13 (61.8% retracement of the Apr - Sep bull cycle (cont))
  • Cash tsys are little changed today, the 2yr is -1.2bps at 4.126%, while the 10yr is also -1.2bps at 4.270% while the 3-7yr tenors are unchanged for the session.
  • Fed fund futures have remained steady over the past week, there is 24.1bps priced at the November meeting and 43.1bps priced by year-end.
  • Betting markets continue to swing further in Trumps favor, with Polymarket now showing a 66.3 vs 33.7, Kalshi show 62 vs 38 both at or near widest levels, while RealClear Politics Poll average shows Trump with a slight lead of 48.6 vs 48.4 and although close, this is the highest Trump has been since June.
  • Later today, Wholesale Inventories & Conf. Board Consumer Confidence is due out
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  • Tsys futures have edged slightly higher throughout the session, ranges have been narrow, while volumes are well down on Monday's. It has been a very quiet session for headlines or economic data. Asian equities have seen some weakness over the past hour, however nothing major to note. TU is +00⅜ at 103-01⅞, while TY is +02 at 110-24+, key support is seen at 110-13 (61.8% retracement of the Apr - Sep bull cycle (cont))
  • Cash tsys are little changed today, the 2yr is -1.2bps at 4.126%, while the 10yr is also -1.2bps at 4.270% while the 3-7yr tenors are unchanged for the session.
  • Fed fund futures have remained steady over the past week, there is 24.1bps priced at the November meeting and 43.1bps priced by year-end.
  • Betting markets continue to swing further in Trumps favor, with Polymarket now showing a 66.3 vs 33.7, Kalshi show 62 vs 38 both at or near widest levels, while RealClear Politics Poll average shows Trump with a slight lead of 48.6 vs 48.4 and although close, this is the highest Trump has been since June.
  • Later today, Wholesale Inventories & Conf. Board Consumer Confidence is due out