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Extend Sell-Off Post Claims

US TSY FUTURES

Tsy futures extended early session lows after PPI came out higher than forecasted (+1.0% vs. +0.6%), weekly claims as expected (-12k to 375k), while continuing claims -.114m to 2.866M. Modest volumes with buyers on the lows, TYU just over 340k at the moment. Yield curves mostly steeper:

  • 3M10Y +4.047, 131.504 (L: 125.769 / H: 131.841)
  • 2Y10Y +3.527, 114.305 (L: 109.797 / H: 114.473)
  • 2Y30Y +1.518, 179.141 (L: 176.678 / H: 179.273)
  • 5Y30Y +0.551, 119.441 (L: 118.425 / H: 120.239)

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