November 27, 2024 02:27 GMT
US TSYS: Tsys Futures Steady Ahead Of Busy Data Docket
US TSYS
- There is very little happening in tsys today, ranges are narrow, most of the trading volumes look to be roll related ahead of the Thanks giving holiday. It is a busy US session for data tonight, with major focus on GDP revisions for Q3 and monthly PCE for October.
- Futures are trading little changed, TU last +00⅛ at 102-22¼, while TY is +01 at 110-11+. The 10yr contract broke through resistance (20day EMA) on Monday and has held onto those gains, the moves were largely attributed to Scott Bessent being announced for Treasury Secretary.
- Cash tsys yields are trading 0.5-1bps lower today, with the 2yr outperforming down 1bps at 4.246%, while the 10yr trades -0.6bps at 4.30%.
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