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US TSYS: Tsys Futures Trade In Narrow Ranges Ahead Of NFP

US TSYS
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • Tsys futures have traded in narrow ranges throughout the session TY remains trading just above the 50-day EMA (113-29+) at 113-30+ a break below there would be the first time the contract trades below the 50-day EMA since July.
  • Yield curves are slightly steeper with the 2s10s +0.427 at 14.263 vs recent highs of 23.585. Yields have given back majority of the sessions gains and are now trading flat to 0.6bps lower, with the 2yr -0.6bps at 3.700% and the 10yr is -0.2bps at 3.844%
  • Oil rally looks to have taken a break and trades little changed today, while Gold has moved a touch higher over the past 30 mins following some reports that there has been more missiles fired at Israel.
  • Fed funds futures are trading steady with little change over the past few sessions, Nov dated futures are pricing in 33.8bps of cuts, or roughly 35% chance of another 50bps cut.
  • Focus is all on tonight's NFP where they expected to have firmed marginally to 150k in September although some analysts also look for upward revisions to August. The employment rate is expected to come in at 4.2% for a second month.
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  • Tsys futures have traded in narrow ranges throughout the session TY remains trading just above the 50-day EMA (113-29+) at 113-30+ a break below there would be the first time the contract trades below the 50-day EMA since July.
  • Yield curves are slightly steeper with the 2s10s +0.427 at 14.263 vs recent highs of 23.585. Yields have given back majority of the sessions gains and are now trading flat to 0.6bps lower, with the 2yr -0.6bps at 3.700% and the 10yr is -0.2bps at 3.844%
  • Oil rally looks to have taken a break and trades little changed today, while Gold has moved a touch higher over the past 30 mins following some reports that there has been more missiles fired at Israel.
  • Fed funds futures are trading steady with little change over the past few sessions, Nov dated futures are pricing in 33.8bps of cuts, or roughly 35% chance of another 50bps cut.
  • Focus is all on tonight's NFP where they expected to have firmed marginally to 150k in September although some analysts also look for upward revisions to August. The employment rate is expected to come in at 4.2% for a second month.