US TSYS: Oil Aids Higher 10yr Futures, But Still Short Of 20-day EMA Test

US 10yr futures (TYZ6) have been biased higher so far in Wednesday trade. We were last 106-07+, +07+. Oil futures continue to track lower, with WTI now 12.5% off mid Sep highs, amid increased supply hopes and on reported positive US/Iran talks (albeit via mediators and with little in the way of fresh details). TYZ6 hasn't been able to sustain +106-08 levels since mid Sep and broader levels continue to hold. In terms of technical watch points, support below at 105-10+, the Oct 19 '23 low on the continuation chart. Initial firm resistance is 106-27, at the 20-day EMA. * There has been no cash UST trading so far today in Asia Pac, with Japan markets still out (they return tomorrow). The 10yr yield finished Tuesday US trade at 4.961% (up 1bps). * Look ahead: Eurozone flash PMIs highlight the Wednesday calendar, as markets then turn their focus to headlines emanating from the Trump-Xi summit in Washington. Flash PMIs early in the US session, followed by Japan flash PMI. Australian employment data wraps up the midweek session.