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Bonds Extending Lows

US TSY FUTURES
  • Treasury futures extending lows ahead the NY open, curves bear steepening (2s10s +2.253 at -32.846) with bonds leading the move lower, USM4 -1-06 at 116-11. Jun'24 10Y futures trading 109-02 (-19) nearing round number technical support, heavy volumes w/ TYM4 over 600k already.
  • No significant data to speak of for the next two sessions, focus on Wednesday's CPI and March FOMC minutes, PPI on Thursday.

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