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Holding Strong Gains Post-Data


Bonds maintain strong bid after flurry of data, weekly claims little higher than exp at 360k vs. 350k est while continuing claims inch lower again: -126k to 3.241M vs. 3.3M est. Heavy overall volumes (TYU1>600k), week's Tsy supply well in the money. TYU1 rejected 1st resistance level of 133-26.5 earlier, 133-19 last. Yield curves bull flattening:

  • 3M10Y -1.598, 127.665 (L: 125.317 / H: 128.842)
  • 2Y10Y -2.467, 109.623 (L: 108.652 / H: 111.923)
  • 2Y30Y -3.441, 171.099 (L: 170.32 / H: 174.471)
  • 5Y30Y -2.499, 114.926 (L: 114.593 / H: 117.812)

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