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Bonds Extending Highs, Curves Off Flatter Levels Ahead PMI

US TSY FUTURES
  • Front month Bond futures extending session highs again, USM3 taps 130-27 (+22) ahead next data point: MNI Chicago PMI at 0945ET.
  • Yield curves off flatter levels as short end climbs off lows, 2s10s currently -59.091 vs. -61.807 low, front month 2Y futures -.62 at 103-04.37.
  • Stocks pulling higher as well after the open, SPX Eminis +4098.75 high after breaching resistance yesterday, focus on 4119.50 High Mar 6.

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