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Fairly Abrupt Tsy Move To New Highs, CDC Virus Variant React?

US TSY FUTURES

Tsy futures extended to new session highs a few minutes ago, risk-off measure with equities nearing overnight lows -- apparently on the back of latest CDC headlines regarding new virus headlines. Trading desks suggest algos keying in on "more rapidly transmissible" variant. Moves on light volumes (TYH appr 530k), can easily reverse with no follow-through or reinforcing data react.

  • 3M10Y -1.912, 83.183 (L: 81.163 / H: 84.931)
  • 2Y10Y -1.053, 79.909 (L: 79.209 / H: 81.7)
  • 2Y30Y -1.467, 153.328 (L: 152.926 / H: 155.602)
  • 5Y30Y -0.315, 128.681 (L: 128.095 / H: 129.662)
  • Current futures levels:
  • Mar 2Y up 0.5/32 at 110-15.5 (L: 110-15 / H: 110-15.5)
  • Mar 5Y up 2.5/32 at 126-1.75 (L: 125-31 / H: 126-02.25)
  • Mar 10Y up 6.5/32 at 137-31 (L: 137-24.5 / H: 138-00)
  • Mar 30Y up 20/32 at 173-0 (L: 172-14 / H: 173-03)
  • Mar Ultra 30Y up 1-11/32 at 213-07 (L: 212-00 / H: 213-10)

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