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5s30s Yld Curve Reversal: 5s Underperform Bond Rout

US TSY FUTURES CLOSE

Broadly weaker/off lows. Already weaker, moving in step with equities, Tsys gapped lower after $62B 7Y Note auction tailed a full 4Bp. Yld curves mixed: short end steeper while 5s30s that had tapped Aug 2014 high around 166.0 yesterday fell to 147.184 low today. Reminder, June takes lead quarterly tomorrow.

  • 3M10Y +9.88, 143.894 (L: 133.166 / H: 156.542)
  • 2Y10Y +6.639, 131.506 (L: 124.722 / H: 141.882)
  • 2Y30Y -0.868, 209.683 (L: 209.683 / H: 220.388)
  • 5Y30Y -15.304, 147.812 (L: 147.184 / H: 165.39)
  • Current futures levels:
  • Mar 2Y down 3/32 at 110-12.25 (L: 110-10.75 / H: 110-15.25)
  • Mar 5Y down 27.25/32 at 124-11.25 (L: 124-00.25 / H: 125-08)
  • Mar 10Y down 1-10/32 at 133-27 (L: 133-02.5 / H: 135-09)
  • Mar 30Y down 1-12/32 at 160-5 (L: 157-23 / H: 161-24)
  • Mar Ultra 30Y down 2-1/32 at 187-30 (L: 183-29 / H: 190-10)

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