January 15, 2025 04:29 GMT
US TSYS: Yields Holding Steady Ahead Of CPI
US TSYS
- Tsys yields are holding steady throughout the session curves are a touch flatter, the belly is outperforming with the 7yr -1.6bps at 4.688%, the 2yr is -0.8bps at 4.358%, while the 10yr is trading -1.4bps at 4.778%
- Futures are steady with TY +01 at 107-12+. While the 2s10s curve is about 1bps lower at 41.327.
- Ranges have been narrow across all tenors ahead of CPI tonight. We have seen a 0.5-1bps cooling in rate cut expectations across the next few meetings
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