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US TSYS: Tsys Futures Little Changed, MNI Chicago PMI Later Today

US TSYS
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • It has been a very slow session in Asia today for US tsys, ranges have been very tight. TU is -00+ at 104-09⅜ while TY is trading -02+ at 114-21.
  • Focus in Asia today has all been on equities with Chinese stocks surging higher after further easing of homebuying restrictions, while Japanese equities have plunged after after Ishiba was elected new prime minister
  • The tsys curve is little changed with yields flat to 0.5bps higher. The 2yr is trading near recent lows at 3.563% while the 10yr is trading +0.5bps at 3.754%.
  • Friday's data underscored a rise in projected rate cuts into early 2025 gained vs. pre-data levels (*): Nov'24 cumulative -38.5bp (-37.2bp), Dec'24 -76.8bp (-73.9bp), Jan'25 -109.5bp (-104.5bp).
  • Looking ahead: relatively quiet start to the week with MNI Chicago PMI later today
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  • It has been a very slow session in Asia today for US tsys, ranges have been very tight. TU is -00+ at 104-09⅜ while TY is trading -02+ at 114-21.
  • Focus in Asia today has all been on equities with Chinese stocks surging higher after further easing of homebuying restrictions, while Japanese equities have plunged after after Ishiba was elected new prime minister
  • The tsys curve is little changed with yields flat to 0.5bps higher. The 2yr is trading near recent lows at 3.563% while the 10yr is trading +0.5bps at 3.754%.
  • Friday's data underscored a rise in projected rate cuts into early 2025 gained vs. pre-data levels (*): Nov'24 cumulative -38.5bp (-37.2bp), Dec'24 -76.8bp (-73.9bp), Jan'25 -109.5bp (-104.5bp).
  • Looking ahead: relatively quiet start to the week with MNI Chicago PMI later today