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Delayed React, Futures Selling Off Post FOMC

US TSY FUTURES

Futures sell-off, extend just past early overnight lows last couple minutes, bonds still well above Tue's lows. Volumes remain exceptionally thin (TYZ<535k), yld curves mildly steeper:

  • 3M10Y +0.598, 57.329 (L: 54.533 / H: 57.657)
  • 2Y10Y +0.236, 53.822 (L: 51.933 / H: 53.986)
  • 2Y30Y +1.048, 129.848 (L: 126.741 / H: 130.364)
  • 5Y30Y +1.031, 116.75 (L: 114.064 / H: 117.083)
  • Current futures levels:
  • Dec 2Y -0.25/32 at 110-14.25 (L: 110-14.25 / H: 110-14.75)
  • Dec 5Y -0.75/32 at 125-31.25 (L: 125-30.75 / H: 126-02)
  • Dec 10Y down 0.5/32 at 139-15.5 (L: 139-14.5 / H: 139-22)
  • Dec 30Y down 2/32 at 176-14 (L: 176-12 / H: 177-04)
  • Dec Ultra 30Y down 18/32 at 222-6 (L: 221-29 / H: 223-26)

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