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10Y Yield Cracks 1.0% Again

US TSY FUTURES

Futures continue to surge, new session highs, 10YY drops below 1.0% to 0.9992%for first time since Jan 6 after spending much of 2020 between 0.90%-0.55%. Robust volumes on muted risk appetite, TYH1 >750k, latest move on back of ECB headlines re: officials say markets underestimate chances of rate cuts.

  • 3M10Y -3.803, 92.565 (L: 92.565 / H: 96.715)
  • 2Y10Y -2.765, 88.397 (L: 88.37 / H: 92.523)
  • 2Y30Y -2.26, 164.498 (L: 164.498 / H: 168.779)
  • 5Y30Y -1.975, 136.059 (L: 135.771 / H: 138.923)
  • Current futures levels:
  • Mar 2Y up 0.625/32 at 110-16 (L: 110-15.25 / H: 110-16)
  • Mar 5Y up 3.75/32 at 126-2.25 (L: 125-29.5 / H: 126-02.5)
  • Mar 10Y up 8/32 at 137-20 (L: 137-09 / H: 137-20.5)
  • Mar 30Y up 28/32 at 170-24 (L: 169-20 / H: 170-25)
  • Mar Ultra 30Y up 1-17/32 at 208-21 (L: 206-24 / H: 208-24)

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