Free Trial

Choppy Trade Despite Expected Lending Facility Extension

US TSY FUTURES

Perhaps catching some by surprise -- futures see-sawing after extension of four emergency lending facility annc that Tsy Sec Mnuchin requested back on Nov 19. Rates rebounded, sold-off and are making a go at recovering again. Heavy volumes, TYH over 485k; yield curves still steeper but off highs.

  • 3M10Y +1.489, 76.413 (L: 74.087 / H: 77.56)
  • 2Y10Y +1.368, 69.5 (L: 67.472 / H: 70.223)
  • 2Y30Y +1.039, 142.594 (L: 140.511 / H: 143.835)
  • 5Y30Y +0.522, 120.801 (L: 119.536 / H: 121.976)
  • Current futures levels:
  • Mar 2Y +0.25/32 at 110-13.375 (L: 110-12.75 / H: 110-13.875)
  • Mar 5Y +0.25/32 at 126-0.25 (L: 125-30 / H: 126-01.5)
  • Mar 10Y -1.5/32 at 138-4.5 (L: 138-01.5 / H: 138-08)
  • Mar 30Y -6/32 at 174-27 (L: 174-18 / H: 175-10)
  • Mar Ultra 30Y -2/32 at 215-30 (L: 215-08 / H: 216-20)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.