March 22, 2023 14:38 GMT
Bonds Bounce With Stocks Firmer
US TSY FUTURES
- Tsy futures have bounced off lows, 30Y bonds trading steady at the moment at 130-00 (30Y yield 3.7144% -.0176), as equities extend modest highs in early trade (ESM3 +11.0 at 4046.75 high).
- Yield curves remain flatter (2s10s -4.994 at -61.334) as short end keeps pace. No obvious headline or flow driven trigger for move, more likely ongoing position consolidation, squaring in the lead-up to today's FOMC policy announcement at 1400ET.