December 27, 2024 17:20 GMT
US TSYS: Curves Extend Steeper as Bonds Reverse Midmorning Bid
US TSYS
- Midmorning support that saw Mar'25 10Y futures rise to 108-23 (+2) has evaporated, still inside the session range the 10Y contract trades 108-16.5 (-4.5) last. No particular headline driver, more position related on light post-holiday volumes (TYH5 just over 600k).
- Curves extend steeper as short end rates continue to outperform, 2s10s +4.096 at 29.125, 5s30s +2.465 at 35.982.
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