MICRO Treasury Futures
As discussed in this recent article, What Drives Long-Term Treasury Yields, 10-Yr Treasury yields are heavily influenced by inflation expectations, economic growth, and monetary policy.
There has been significant uncertainty around inflation expectations and monetary policy recently. This has generated significant volatility in 10-Yr Treasury yields and prompted significant trading activity in 10-Yr Yield futures, particularly around key economic data releases including CPI, PCE, non-farm payroll, and FOMC decisions.
The market will be closely watching upcoming inflation data releases that heavily influence the Fed’s monetary policy path, including:
· 5/14 – Consumer Price Index (CPI)
· 5/31 – PCE
Yield futures allow the market to express their views on the impact of these releases on Treasury yields going forward.
Source: https://www.cmegroup.com/tools-information/communications/e-communication-disclaimer.html
If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.
Questions? We are happy to help!
Daily Levels for May 17th, 2024
Improve Your Trading Skills
Get access to proprietary indicators and trading methods, consult with an experienced broker at 1-800-454-9572.
Explore trading methods. Register Here
* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.