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Bonds Bouncing After Fed Harker Comments

US TSY FUTURES
  • Delayed reactions as recent dovish comments from Philly Fed Harker this morning - before the the start of the Jackson Hole eco-summit: CAN HOLD RATES STEADY FOR A WHILE .. HARKER: NOT READY TO CALL PEAK BUT IT'S PRUDENT TO PAUSE.
  • Appears to be spurring short covering across the board, curves flatter with short end rates still lagging, 3M10Y -1.479 at -129.310, 2Y10Y -.448 at -78.580.
  • At the moment, TYU3 -1 at 109-29 (yield 4.1860) up from 109-17 low after the open.

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