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Yields Edge Lower As Market Awaits CPI Revisions

US TSYS

TYH4 is currently trading at 110-28, + 04 from New York closing levels.

Treasury futures were trading up a touch during the Asian morning however those gains have been pared. Cash yields are trading 0.5-1bp lower.

  • Mar'24 10Y futures have been rangebound today, high of 110-30, low of 110-25+, on low volume as Lunar New Year kicks off. Currently we are trading at 110-28, Resistance at 111-18+ (20-day EMA), while support remains at 110-22+ (Feb 5th lows)
  • Cash yields have done very little today, trading in a 1bp range, the 2Y yield is -0.6bp lower at 4.448%, 10Y yield is -0.6bps at 4.148%, while the 2y10y is +1.00 at -29.6.
  • Looking ahead, US inflation revisions are in focus later. BLS will update seasonal factors affecting CPI inflation through 2019-23 on Friday, Feb 9 “from 0830ET”.

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