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5/30s through session high

US TSY FLOWS
US 5/30s continues to slowly edge higher, above that 50% retracement of the 2010-2018 fall
  • Next target on the curve now comes at 176.067.
  • Latest steepening and higher move in longer term yields has been helped by the better buying of Equities throughout our European morning session.
  • S&P futures (ESH1) has recovered 2.41% from yesterday's low,, after the large selling, driven by tech, and also some large program selling orders.
  • Looking at 30yr yields, next target comes at the 2020 high 2.4168% (another 17bps away)


Source: Bloomberg

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