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US TSYS: Tsys Futures Steady, Focus On Corporate Earnings This Week

US TSYS
  • Tsys futures are little changed for far today, TU is unch at 103-14¼, while TY is -01 at 112-06. Headlines have been light in the region so far today, China lower LPR to support the local economy, while Oil prices have edges slightly higher after a decent drop last week.
  • There is very little on the economic calendar this week, focus turning to corporate earnings with 15% of S&P 500 due to report this week, Verizon, GE, Lockheed Martin, Coca-Cola to report first.
  • The 10yr is holding steady at 4.081%, trading just at the 200-day EMA resistance. Curves were little changed over the past week with the 2s10s flattening 1bps, while the 5s10s steepened 0.5bps.
  • Fed funds futures now vs 1 week ago; November 23.6bps vs 21.7bps, December 43.6bps vs 44.3bps, January 62.1bps vs 63.4bps.
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  • Tsys futures are little changed for far today, TU is unch at 103-14¼, while TY is -01 at 112-06. Headlines have been light in the region so far today, China lower LPR to support the local economy, while Oil prices have edges slightly higher after a decent drop last week.
  • There is very little on the economic calendar this week, focus turning to corporate earnings with 15% of S&P 500 due to report this week, Verizon, GE, Lockheed Martin, Coca-Cola to report first.
  • The 10yr is holding steady at 4.081%, trading just at the 200-day EMA resistance. Curves were little changed over the past week with the 2s10s flattening 1bps, while the 5s10s steepened 0.5bps.
  • Fed funds futures now vs 1 week ago; November 23.6bps vs 21.7bps, December 43.6bps vs 44.3bps, January 62.1bps vs 63.4bps.