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Delayed Post-Auction Selling

US TSY FUTURES

Tsys inching lower again after paring losses to near session highs in lead-up to 20Y Bond auction re-open. Futures moderately lower, near middle of session range as focus turns to Wed's FOMC policy annc. No rate or policy change anticipated with sell-side analysts anticipating a taper annc to come at November meeting. Yld curves steeper:

  • 3M10Y +1.863, 129.388 (L: 127.356 / H: 130.833)
  • 2Y10Y +1.207, 110.504 (L: 108.81 / H: 112.136)
  • 2Y30Y +1.259, 164.192 (L: 162.465 / H: 166.478)
  • 5Y30Y +0.741, 102.855 (L: 101.646 / H: 105.238)

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