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*** Continue to surge higher, in.....>

US TSY FUTURES
US TSY FUTURES: *** Continue to surge higher, in addition to recent buying,
short covering (Prop and fast$ buying 5s and 10s, bank portfolio and real$
buying 10s and 30s), stops getting triggered on the latest move to new session
highs, fast$ sporadic sellers short end. Note, latest rally has dropped rate
hike probability for December to below 20% to 18.8% (MNI PINCH). Current futures
levels:
* Dec Ultra bonds up 1-25/32 at 170-30 (169-06L/170-31H)
* Dec 30-yr Bond futures up 1-9/32 at 157-20 (156-11L/157-21H)
* Dec 10-yr futures up 17.5/32 at 127-20.5 (127-03L/127-21.5H)
* Dec 5-yr futures up 10/32 at 118-29.75 (118-20L/118-30H)
* Dec 2-yr futures up 2.5/32 at 108-09 (108-06.5L/108-09.25H)

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