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US TSYS: Tsys Futures Steady Ahead Of Retail Sales

US TSYS
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • Treasuries futures remain largely unchanged as investors await US retail sales data, which could provide insight into whether consumer spending is soft enough to support a potential 50bps rate cut by the Fed later this week. TUZ4 is 104-13¾ (- 00⅝), while TYZ4 is 115-16+ (- 01+)
  • Earlier, there was a Block 2s10s steepener, and an block sell of FV.
  • BBG consensus has Retail sales dropping 0.2% m/m in August, following a 1% rise in July.

  • Cash tsys yields are trading about 1bps higher across the curve, while the 2yr slightly outperforms and is +0.6bps at 3.557% vs the cycle lows made overnight of 3.523%.

     

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  • Treasuries futures remain largely unchanged as investors await US retail sales data, which could provide insight into whether consumer spending is soft enough to support a potential 50bps rate cut by the Fed later this week. TUZ4 is 104-13¾ (- 00⅝), while TYZ4 is 115-16+ (- 01+)
  • Earlier, there was a Block 2s10s steepener, and an block sell of FV.
  • BBG consensus has Retail sales dropping 0.2% m/m in August, following a 1% rise in July.

  • Cash tsys yields are trading about 1bps higher across the curve, while the 2yr slightly outperforms and is +0.6bps at 3.557% vs the cycle lows made overnight of 3.523%.