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Fed Chair Powell Presser Ongoing

US TSY FUTURES

Bonds were firming again but dipped on comment over uncertainty: "There is significant uncertainty around that level (2.0%) of interest rates. Even so, we still have some ways to go. And incoming data since our last meeting suggests that the ultimate level of interest rates will be higher than previously expected."
Tsy 30YY holding around 4.0972 at the moment, yield curves largely steeper:

  • 3M10Y -3.859, -15.883 (L: -19.551 / H: -9.502)
  • 2Y10Y +1.271, -49.629 (L: -52.96 / H: -45.689)
  • 2Y30Y +5.176, -40.721 (L: -51.429 / H: -34.99)
  • 5Y30Y +7.42, -10.438 (L: -22.502 / H: -5.391)

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