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Ad Hoc Stimulus?

US TSY FUTURES

Bit of a risk-on move ahead NY open after Trump headlines: stimulus talks "starting to be productive" after he cancelled more systemic relief negotiations late Tue, while larger relief for airlines being discussed as well. Equities adding to gains (ESZ0 +20.0) while Tsys scale back. Yld curves still flatter, update:

  • 3M10Y -0.995, 68.051 (L: 66.127 / H: 68.551)
  • 2Y10Y -0.602, 62.412 (L: 61.248 / H: 63.243)
  • 2Y30Y -0.692, 142.298 (L: 140.61 / H: 143.725)
  • 5Y30Y -0.612, 123.697 (L: 122.485 / H: 124.966)
  • Current futures levels:
  • Dec 2Y up 0.25/32 at 110-13.25 (L: 110-13.12 / H: 110-13.5)
  • Dec 5Y up 0.75/32 at 125-22 (L: 125-21.25 / H: 125-23.5)
  • Dec 10Y up 2/32 at 138-25 (L: 138-22.5 / H: 138-28)
  • Dec 30Y up 7/32 at 173-28 (L: 173-18 / H: 174-06)
  • Dec Ultra 30Y up 12/32 at 216-19 (L: 215-31 / H: 217-12)

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