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US TSYS: Tsys Futures Steady

US TSYS
  • Global rates are little changed in the first half of trading on Monday, with most Japan out there is now cash tsys trading. Tsys futures jumped slightly higher on the open, with the TUZ4 contract slightly outperforming +00⅝ at 104-13⅞ while TYZ4 is + 00+ at 115-14.
  • The trend in TYZ4 is higher with the latest pullback is considered corrective. Wednesday’s initial rally resulted in a print above key resistance and the bull trigger at 115-19, the Aug 5 high. The move higher confirms a resumption of the uptrend and paves the way for a climb towards the 116.00 handle. MA studies remain in a bull-mode position with firm support is seen at 114-19, the 20-day EMA.
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  • Global rates are little changed in the first half of trading on Monday, with most Japan out there is now cash tsys trading. Tsys futures jumped slightly higher on the open, with the TUZ4 contract slightly outperforming +00⅝ at 104-13⅞ while TYZ4 is + 00+ at 115-14.
  • The trend in TYZ4 is higher with the latest pullback is considered corrective. Wednesday’s initial rally resulted in a print above key resistance and the bull trigger at 115-19, the Aug 5 high. The move higher confirms a resumption of the uptrend and paves the way for a climb towards the 116.00 handle. MA studies remain in a bull-mode position with firm support is seen at 114-19, the 20-day EMA.