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Curves Twist Steeper, Bonds Extending Lows

US TSY FUTURES
  • Bonds are extending early session lows at the moment, curves unwinding yesterday's flattener move: 2Y10Y currently +8.001 at -21.322.
  • Dec'23 10Y futures just below Tuesday's low, currently 106-02 (-9.5) - well above initial technical support of 105-10+ (Low Oct 19 and the bear trigger).
  • 10Y yield currently +.0553 at 4.8782%, shy of Monday's 16Y high of 5.0187%.

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