US: VP Vance And Speaker Johnson To Address Rally In Washington

Jan-23 17:03

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Vice President JD Vance and House Speaker Mike Johnson are set to address today's March for Life ral...

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US TSYS: Tsys Extended Highs Ahead Early Christmas Holiday Close

Dec-24 17:02
  • Treasuries look to finish moderately higher on Wednesday's shortened Christmas eve session, extending the top end of a narrow session range after the Tsy 7Y Note auction traded slightly through: 3.930% high yield vs. WI of 3.932%; bid-to-cover at 2.51x vs. 2.46x prior.
  • TYH6 currently trades +5.5 at 112-15 vs. -15.5 high on very light volume (462k), key short-term resistance well above at 112-31, the Dec 18 high.
  • Treasury curves mildly flatter: 2s10s -.903 at 61.963, 5s30s -1.367 at 107.314.
  • Cross asset roundup: Bloomberg US$ index lower/inside range: BBDXY -1.36 at 1200.53, Gold weaker by 7.04 at 4477.51, stocks firmer with SPX eminis +24.00 at 6985.00.
  • Markets closed for Christmas tomorrow, back to full session on Friday. Only one data release Friday: Dallas Fed weekly economic index at 1130ET. No scheduled Fed speakers Friday.

US TSY OPTIONS: Late Feb'26 10Y Strangles

Dec-24 16:50
  • over 6,000 TYG6 111/114 strangles, 11 ref 112-13
  • -4,000 TYF6 112.25/112.5 call spds 7 ref 112-11/0.44%
  • 1,500 USH6 117/120/121 broken call flys ref 115-19

US TSYS/SUPPLY: Review 7Y Auction

Dec-24 16:34
  • Treasuries gaining slightly after the $44B 7Y note auction (91282CPQ8) trades through: 3.930% high yield vs. WI of 3.932%; bid-to-cover at 2.51x vs. 2.46x prior.
  • Peripheral stats: Indirect take-up rises to 59.04% vs. 56.65% prior; Direct take-up to 31.62% vs. 30.27% prior; Dealers take 9.34 vs. 13.07% prior.
  • The next 7Y Treasury auction is tentatively scheduled for January 29.