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US TSYS: Tsys Futures Trade At Session Lows, As Volumes Jumps

US TSYS
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • Tsys Futures have seen very strong volumes today as investors look to position following much stronger-than expected NFP on Friday. Ranges have remained narrow although we trade below Friday's lows and now at session lows across the curve. TU is - 01+ at 103-15⅝ while TY is currently trading -01+  at 112-25+.
  • There was earlier some decent size buying of TY put ratios, with TYX4 112.75 / 112.00 1x2 Put Spread bought for -1 and 0 x25,000
  • Cash tsys curves have flattened throguhout the session with yields now flat to 3bps higher. The 2yr is +3bps at 3.951%, while the 10yr is +1.2vps at 3.977%, the 2s10s dropped 1.789 to 2.342.
  • Fed Funds futures are now pricing in just 24.6bps of cuts at the November 7 meeting, down from 33.8bps prior to NFP.
  • The calendar is empty for the session, focus turns to CPI and PPI inflation measures on Thursday and Friday respectively while we also have Wednesday's September FOMC minutes release.
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  • Tsys Futures have seen very strong volumes today as investors look to position following much stronger-than expected NFP on Friday. Ranges have remained narrow although we trade below Friday's lows and now at session lows across the curve. TU is - 01+ at 103-15⅝ while TY is currently trading -01+  at 112-25+.
  • There was earlier some decent size buying of TY put ratios, with TYX4 112.75 / 112.00 1x2 Put Spread bought for -1 and 0 x25,000
  • Cash tsys curves have flattened throguhout the session with yields now flat to 3bps higher. The 2yr is +3bps at 3.951%, while the 10yr is +1.2vps at 3.977%, the 2s10s dropped 1.789 to 2.342.
  • Fed Funds futures are now pricing in just 24.6bps of cuts at the November 7 meeting, down from 33.8bps prior to NFP.
  • The calendar is empty for the session, focus turns to CPI and PPI inflation measures on Thursday and Friday respectively while we also have Wednesday's September FOMC minutes release.