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Bonds Lead Rally Post-UofM Sentiment

US TSY FUTURES

Tsys as well as equities moving higher after better than expected UofM sentiment: 64.6 vs. 60.7 est, 1Y inflation exp recedes to lowest lvl since Apr 2021. Tsys paring back move already, 30YY at 3.5711% -.0058 at moment vs. 3.5540% low. Equities weaker but off opening lows, ESH3 -17.50 at 3986.0. Yield curves flatter, currently:

  • 3M10Y -0.731, -116.952 (L: -121.646 / H: -112.921)
  • 2Y10Y -1.567, -72.267 (L: -73.126 / H: -66.576)
  • 2Y30Y -2.243, -59.442 (L: -60.627 / H: -51.698)
  • 5Y30Y -1.309, 2.461 (L: 1.486 / H: 7.781)

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