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US TSYS: Tsys Futures Off Earlier Lows, Ranges Narrow Ahead Of Jobless Claims

US TSYS
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • It has been a slow session for tsys futures, ranges have been narrow, while volumes have been slightly below recent averages. Futures have been slowly ticking higher, however nothing of note. Futures remain below NY close levels, with TU is -01⅜ at 102-30⅞ while TY -05+ at 110-17
  • Earlier this morning there was a TU/UXY Block steepener, DV01 $460k, and a Block buy of UXY, DV01 $430k
  • Cash tsy curve has bull-flattened throughout the session, following on from overnight bear-flattening move, yields are 1-2.5bps richer. The 2yr is -1.2bps at 4.17%, while the 10yr is -2.2bps. The 2s10s is -1bp at 10.4bps, the curve has now flattened about 8bps over the past two sessions.
  • Fed fund futures remain steady across the next few meetings, with 23.5bps priced for November, 42.5bps for December, and 57.1bps for January.
  • Focus turns to Thursday’s weekly claims, personal income/spending and MNI’s Chicago PMI data, not to mention Friday's October employment data and next Tuesday's Presidential Election.
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  • It has been a slow session for tsys futures, ranges have been narrow, while volumes have been slightly below recent averages. Futures have been slowly ticking higher, however nothing of note. Futures remain below NY close levels, with TU is -01⅜ at 102-30⅞ while TY -05+ at 110-17
  • Earlier this morning there was a TU/UXY Block steepener, DV01 $460k, and a Block buy of UXY, DV01 $430k
  • Cash tsy curve has bull-flattened throughout the session, following on from overnight bear-flattening move, yields are 1-2.5bps richer. The 2yr is -1.2bps at 4.17%, while the 10yr is -2.2bps. The 2s10s is -1bp at 10.4bps, the curve has now flattened about 8bps over the past two sessions.
  • Fed fund futures remain steady across the next few meetings, with 23.5bps priced for November, 42.5bps for December, and 57.1bps for January.
  • Focus turns to Thursday’s weekly claims, personal income/spending and MNI’s Chicago PMI data, not to mention Friday's October employment data and next Tuesday's Presidential Election.