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Day Late and Dollar Short?

US TSYS

Post-data whip-saw action in the rear-view mirror already. Tsys gap higher last couple minutes (30YY fall to 2.3146L, 2.3241% last, -.0332), yield curves bull flatten, 5s30s -.418 to 41.031.

  • Some desks citing Russia/Ukraine related headlines for the move:
  • Speaking on MSNBC, Secretary of State Anthony Blinken states that he has seen no evidence of a Russian pullback from the Ukrainian border.
  • However, observers have been stating that since midday Tuesday.

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