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Gap Bid Post CPI Under Pressure

US TSYS

Tsy futures gapped higher after Nov CPI came out slightly higher than est (0.8% vs. 0.7%), algos duking it out as lvls quickly recede to pre-data levels, futures mildly weaker across the curve on modest volumes (TYH2 350k). Equities making new highs (ESH2 +34.5). Yield curves off lows:

  • 3M10Y +0.263, 144.08 (L: 138.486 / H: 145.539)
  • 2Y10Y -0.844, 79.884 (L: 77.641 / H: 80.528)
  • 2Y30Y -0.689, 117.573 (L: 114.063 / H: 118.1)
  • 5Y30Y -0.372, 60.151 (L: 56.406 / H: 60.813)

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