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Choppy Trade As Fed Chair Speaks Remotely

US TSY FUTURES

Long end sold off sharply after Fed Chair Powell got underway (outlines the new "flexible" average inflation framework; revised Longer-Run Goals Statement is also released), tapping early overnight lows -- but have bounced last couple minutes, extending highs right now. Equities paring losses (eminis -1.0).

  • 3M10Y -2.585, 56.11 (L: 55.369 / H: 59.04)
  • 2Y10Y -1.917, 51.679 (L: 51.388 / H: 54.153)
  • 2Y30Y -2.61, 123.434 (L: 123.056 / H: 126.631)
  • 5Y30Y -1.683, 110.925 (L: 110.637 / H: 112.977)
  • Current futures levels:
  • Sep 2Y up 0.75/32 at 110-13.25 (L: 110-12.5 / H: 110-13.375)
  • Sep 5Y up 4/32 at 125-28 (L: 125-24 / H: 125-28.5)
  • Sep 10Y up 8/32 at 139-18 (L: 139-09 H: 139-19)
  • Sep 30Y up 21/32 at 178-26 (L: 178-00 / H: 178-31)
  • Sep Ultra 30Y up 1-5/32 at 220-9 (L: 218-22 / H: 220-18)
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BulletMarketsFixed Income Bullets

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