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Bonds Recover/Extend Highs, Fed Chair Powell Q&A Ongoing

US TSY FUTURES

Bonds bounce, trade higher after Fed Chair conf gets underway. No time to talk about tapering on the back of transitory inflation providing tail wind for rates here. Equities also making new all-time highs ESM1 4192.00. Yld curves bending steeper:

  • 3M10Y -0.266, 160.378 (L: 159.846 / H: 164.035)
  • 2Y10Y +0.852, 144.84 (L: 144.006 / H: 147.433)
  • 2Y30Y +0.912, 212.16 (L: 210.905 / H: 214.191)
  • 5Y30Y +1.629, 142.768 (L: 140.915 / H: 142.851)

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