US TSYS: Eying Rising Crude Prices as Rates Breach Support

* Tsy futures continue to extend lows with crude rising (WTI appr $92.86/bbl). TYZ6 through technical support at 105-10.5 (Oct 19 2023 low) to 105-08 at the moment (-24). 10Y yield +.0830 at 5.3825%. * Next support level at 105-00.5 (2.382 proj of Jun 30 - Jul 14 - 17 price swing). * As was the case yesterday - corporate deal and pre-5Y auction short sets adding to sell pressure. Tail wind for 5Y supply: another tail today will make it 16 in a row, WI is currently running at 4.962%, 56.9bp cheap to last month's tail. * Rate hike projections rising vs. late Tuesday levels (*): Oct'26 at +18.1bp (+12.2bp), Dec'26 +37.6bp (+31.4bp), Jan'27 +49.7bp (+41.9bp), Mar'27 +66.4bp (+58.2bp).