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Bonds Pare Gains/PM Truss React

US TSY FUTURES

Tsy futures have pared gains since UK PM Liz Truss televised conf re: mini-budget comments, reversing planned freeze on corporate tax, comments on sacking of Chancellor Kwarteng. Yield curves rebound off mult-year lows w/Bonds trading weaker now:

  • 3M10Y -2.115, 20.819 (L: 12.771 / H: 23.952)
  • 2Y10Y +2.586, -49.629 (L: -55.877 / H: -49.22)
  • 2Y30Y +5.654, -49.267 (L: -56.334 / H: -48.569)
  • 5Y30Y +4.319, -24.153 (L: -30.558 / H: -23.372)

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