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Yesterday’s Strength Extends Into Asia, Q3 GDP (2nd Est) Due Today

US TSYS

TYZ3 is currently trading at 109-25, +0-08 from NY closing levels.

  • Yesterday's US tsy strength has extended into today's Asia-Pac session after generally dovish remarks by Fed Goolsbee aftermarket added to bullish sentiment fueled by Fed Waller yesterday.
  • Cash US tsys are 3-4bps richer across benchmarks.
  • Today sees the second Q3 US GDP release including core PCE before Fedspeak from Cleveland Fed’s Mester (’24 voter) on financial stability and the Fed’s Beige Book.

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