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Futures Broadly Lower

US TSY FUTURES CLOSE

Futures broadly weaker, heavy volumes and very choppy trade early, levels gelled near session lows from late morning on. Focus less on data (weekly claims 1.006M) and more on Fed Chair remote speech for Jackson Hole symposium: sShift to avg inflation targeting, vague "moderate" overshoot (not large..and not for long). Yld curves surge higher, Update:

  • 3M10Y +5.233, 63.928 (L: 55.136 / H: 64.763)
  • 2Y10Y +4.646, 58.242 (L: 50.901 / H: 58.766)
  • 2Y30Y +7.83, 133.874 (L: 122.293 / H: 134.332)
  • 5Y30Y +6.263, 118.871 (L: 110.06 / H: 119.41)
  • Current futures levels:
  • Sep 2Y -0.375/32 at 110-12.125 (L: 110-11.75 / H: 110-13.375)
  • Sep 5Y down 2.25/32 at 125-21.75 (L: 125-20.75 / H: 125-28.75)
  • Sep 10Y down 10.5/32 at 138-31.5 (L: 138-30 / H: 139-20)
  • Sep 30Y down 1-23/32 at 176-14 (L: 176-11 / H: 179-03)
  • Sep Ultra 30Y down 3-22/32 at 215-15 (L: 215-10 / H: 220-27)
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BulletMarketsFixed Income Bullets

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