October 10, 2024 04:09 GMT
US TSYS: Tsys Futures Steady Ahead Of CPI
US TSYS
- Tsys futures are trading in narrow ranges ahead of CPI later today, TU is +00⅜ at 103-11+, while TY is trading -01 at 112-05+.
- A bear threat in tsys remains present with Dec'24 10y trading at its recent lows. The latest sell-off has resulted in a break of the 100-day EMA and now trades just above key support & 200-day EMA at 112-00, while a move back above 113-12 (Sep 3 lows) is key resistance.
Cash tsys curve has steepened slightly throughout the session, with yields flat to 1.5bps lower. The 2yr is trading -1.4bps at 4.005%, while the 10yr is -0.4bps at 4.069% with the 2s10s rising 1.282bps to 5.966.
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