October 07, 2024 12:49 GMT
US TSYS: US 10yr tests the Yield resistance
US TSYS
- Given the 112.15 print in TYZ4, this means that the 10yr has now just tested above that 4.0204% level (8th August high), but still finding some demand in Futures here, TYA, FVA, TUA are all bought.
- EGBs are lagging, the US takes the lead.
- Looking further out for TYZ4, a clear break through 112.15, some Desks will look at the 112.00 next.
- But In Yield, next upside extension would be seen at 4.1243%, would equate to 111.23+.
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