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Extending Overnight Lows

US TSY FUTURES

Tsy futures trading mildly lower across the board, extending overnight lows last few minutes as equities ratchet higher (ESZ0 +10.0). Tsy volumes pretty thin, however, TYZ <175k at the moment. Overnight flow, earlier real$ and bank portfolios buying 10s-30s has evaporated, foreign bank selling intermediates, dealer buying 5s30s steepeners. Update:

  • 3M10Y -0.030, 57.427 (L: 55.118 / H: 57.755)
  • 2Y10Y +1.184, 53.654 (L: 51.612 / H: 53.982)
  • 2Y30Y +1.301, 128.67 (L: 126.648 / H: 129.254)
  • 5Y30Y +0.621, 115.352 (L: 114.05 / H: 115.777)
  • Current futures levels:
  • Dec 2Y steady at 110-14.625 (L: 110-14.38 / H: 110-14.75)
  • Dec 5Y down 0.5/32 at 126-0 (L: 125-31.75 / H: 126-01)
  • Dec 10Y down 1.5/32 at 139-16.5 (L: 139-15.5 / H: 139-20)
  • Dec 30Y down 5/32 at 176-12 (L: 176-09 / H: 176-26)
  • Dec Ultra 30Y down 3/32 at 222-18 (L: 222-11 / H: 223-14)

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