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US TSY FUTURES: Extending Lows Ahead 2Y FRN & 5Y Note Auctions

US TSY FUTURES
USBulletMarketsFixed Income BulletsNorth America
  • Treasury futures extending lows ahead of this morning's Treasury auctions at the bottom of the hour ($28B 2Y FRN & $70B 5Y note sales).
  • March 10Y through a couple levels of support this morning currently trades -5.5 at 108-09.5, focus on round number support at 108-00 (also 1.500 proj of the Oct 1 - 14 - 16 price swing). The trend condition in Treasury futures remains bearish, short-term gains are considered corrective.
  • 10Y yield has risen to the highest since late May 2024 at 4.6250% (+.0385%). 30Y yield tapped 4.8160% (+.0410) the highest since Nov '23. Curves steeper: 2s10s +2.772 at 26.992; 5s30s +.165 at 33.971.
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  • Treasury futures extending lows ahead of this morning's Treasury auctions at the bottom of the hour ($28B 2Y FRN & $70B 5Y note sales).
  • March 10Y through a couple levels of support this morning currently trades -5.5 at 108-09.5, focus on round number support at 108-00 (also 1.500 proj of the Oct 1 - 14 - 16 price swing). The trend condition in Treasury futures remains bearish, short-term gains are considered corrective.
  • 10Y yield has risen to the highest since late May 2024 at 4.6250% (+.0385%). 30Y yield tapped 4.8160% (+.0410) the highest since Nov '23. Curves steeper: 2s10s +2.772 at 26.992; 5s30s +.165 at 33.971.