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Duration Making New Lows

US TSY FUTURES
Yld curves forging steeper with long end making new lows at the moment. Trading desks searching for latest drivers, some suggest repositioning after heavy month-end extension volume late Mon. Carry-over trade from overnight includes real$ selling 10s, macro-fund steepeners, fast$ two-way in 2s-5s.
  • 3M10Y +2.703, 78.461 (L: 74.111 / H: 78.461)
  • 2Y10Y +2.849, 71.695 (L: 68.386 / H: 71.727)
  • 2Y30Y +3.726, 145.408 (L: 141.228 / H: 145.604)
  • 5Y30Y +2.199, 122.692 (L: 120.159 / H: 122.929)
  • Current futures levels:
  • Mar 2Y -0.5/32 at 110-13.125 (L: 110-13.125 / H: 110-13.875)
  • Mar 5Y -3.5/32 at 125-29.5 (L: 125-29.25 / H: 126-01.5)
  • Mar 10Y -8/32 at 137-29.5 (L: 137-29.5 / H: 138-07.5)
  • Mar 30Y -29/32 at 174-00 (L: 174-00 / H: 175-05)
  • Mar Ultra 30Y down 1-23/32 at 214-10 (L: 214-09 / H: 216-17)

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