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A very strong day for Tsy......>

US TSY FUTURES CLOSE
US TSY FUTURES CLOSE: A very strong day for Tsy futures, rallying all day amid
heavy volume (by 1500ET, TU volume was 1.20mln, FV 2.21mln, TY 2.78mln).
- With short end of the curve outperforming as Fed cut expectations pick up,
3Mo-10Yr and 1Yr-10-Yr spreads hitting lowest levels since March and nearing
cycle lows. Curve update:
* 3M10Y -7.688, -6.35 (L: -6.606 / H: 0.745)
* 2Y10Y +0.751, 16.477 (L: 15.402 / H: 17.272)
* 2Y30Y +1.983, 60.265 (L: 57.757 / H: 61.131)
* 5Y30Y +2.02, 64.596 (L: 62.241 / H: 64.989)
Current futures levels:
* Jun 2-Yr futures (TU) up 6.125/32 at 106-22.875 (L: 106-16.875 / H: 106-23.25)
* Jun 5-Yr futures (FV) up 15.5/32 at 116-15 (L: 116-00 / H: 116-15.5)
* Jun 10-Yr futures (TY) up 24.5/32 at 125-6.5 (L: 124-15 / H: 125-07)
* Jun 30-Yr futures (US) up 55/32 at 151-14 (L: 149-27 / H: 151-15)
* Jun Ultra futures (WN) up 84/32 at 170-15 (L: 168-02 / H: 170-15)

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