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What to Watch: Tsys Gain on Cross Market Factors

US TSYS

US Tsys extending highs ahead the NY open, German Bunds appear to have lead the move. No obvious headline driver w/ futures gaining across the board (yld curves mildly steeper: 2s10s +0.353 at -81.624). Volumes remain light (TYH3<255k),

  • Data limited to Trade Balance (-$80.0B est) at 0830ET. Focus on this Friday's Nov PMI (0.3% MoM est vs. 0.2% prior).
  • No Tsy auctions, though size of Wed's 17W bill sale annc later.
  • Current levels:
    • S&P E-Mini Future up 4.25 points (0.11%) at 4008.75
    • US Mar 10Y are up 10/32 at 114-5.5
    • EURUSD up 0.0027 (0.26%) at 1.0517
    • USDJPY down 0.62 (-0.45%) at 136.12
    • WTI Crude Oil (front-month) down $0.82 (-1.07%) at $76.11
    • Gold is up $11.25 (0.64%) at $1780.06

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