Free Trial

Early Risk-Off Bid Evaporates

US TSY FUTURES CLOSE

Tsys held mostly higher levels after the bell, but well off pre-open highs, perhaps a short-sighted risk-off unwind amid expectations the stimulus bill will be passed in Congress later Monday. Early risk-off bid tied to new virulent COVID strain reported in London overnight (not to mention no progress in BREXIT talks).

Yld curves flatter after the bell:

  • 3M10Y -1.415, 84.842 (L: 79.121 / H: 86.172)
  • 2Y10Y -1.162, 81.163 (L: 76.833 / H: 82.292)
  • 2Y30Y -1.815, 155.064 (L: 150.613 / H: 156.678)
  • 5Y30Y -1.337, 129.383 (L: 127.568 / H: 131.072)
  • Current futures levels:
  • Mar 2Y up 0.12/32 at 110-15.125 (L: 110-14.87 / H: 110-16)
  • Mar 5Y down 0.25/32 at 125-31.25 (L: 125-30.5 / H: 126-06)
  • Mar 10Y up 1.5/32 at 137-25.5 (L: 137-23 / H: 138-08)
  • Mar 30Y up 13/32 at 172-17 (L: 172-05 / H: 173-24)
  • Mar Ultra 30Y up 1-1/32 at212-7 (L: 211-12 / H: 214-13)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.