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Back Higher, Year-End Extension Buying Eyed

US TSY FUTURES

Tsy futures modestly higher again, at/near top end of narrow range on light volume with equities weaker after the open (ESH1 -5.5). Be forewarned -- thin volume on shortened month/end of year session could spark some sharp gap moves. This was case last three sessions with program buying around midmorning. Current lvls:

  • 3M10Y +1.106, 84.543 (L: 83.276 / H: 85.876)
  • 2Y10Y +0.231, 79.846 (L: 79.649 / H: 80.982)
  • 2Y30Y +0.193, 152.987 (L: 152.857 / H: 154.799)
  • 5Y30Y +0.051, 128.581 (L: 128.515 / H: 129.986)
  • Current futures levels:
  • Mar 2Y up 0.125/32 at 110-15.375 (L: 110-15.25 / H: 110-15.5)
  • Mar 5Y up 0.5/32 at 126-4.25 (L: 126-03.25 / H: 126-04.75)
  • Mar 10Y steady at at 137-31 (L: 137-28.5 / H: 138-00)
  • Mar 30Y up 3/32 at 172-30 (L: 172-18 / H: 172-30)
  • Mar Ultra 30Y up 9/32 at 213-3 (L: 212-08 / H: 213-04)

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