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Bonds Grinding Higher, 10s Break N/T Resistance

US TSY FUTURES

Futures continue to extend gains, TYU and USU at/near May 7 highs, curves continue to flatten. TYU through near-term resistance of 132-05.5 to 132-07 session high before drawing some sell pressure down to 132-06 to -06.5. TYU has a way to go to hit Resistance at 132-20+, May 7 high. A break would be bullish. Decent volumes, TYU over 1.5M at the moment. Current yild curve levels:

  • 3M10Y -6.559, 153.656 (L: 153.656 / H: 161.323)
  • 2Y10Y -5.445, 141.01 (L: 141.01 / H: 147.519)
  • 2Y30Y -4.185, 209.445 (L: 209.375 / H: 216.095)
  • 5Y30Y +0.375, 145.754 (L: 144.002 / H: 148.704)

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