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Little Weaker, Tentative Risk-On

US TSY FUTURES

With economic data absent, headline risks remain relevant drivers. Risk appetite gained late Monday after House passed upsized $2k stimulus check and overrode military bill veto. But chance the measures pass in Rep majority Senate today are another matter. Tsy futures weaker on light holiday volumes, TYH just over 150k, yld curves steeper:

  • 3M10Y +1.238, 84.419 (L: 83.164 / H: 84.752)
  • 2Y10Y +1.999, 81.807 (L: 80.565 / H: 81.974)
  • 2Y30Y +2.886, 156.277 (L: 154.256 / H: 156.412)
  • 5Y30Y +0.332, 130.487 (L: 129.213 / H: 131.431)
  • Current futures levels:
  • Mar 2Y steady at 110-15.25 (L: 110-15.12 / H: 110-15.5)
  • Mar 5Y down 0.5/32 at 126-2 (L: 126-01.25 / H: 126-03.75)
  • Mar 10Y down 3/32 at 137-26.5 (L: 137-26 / H: 137-31)
  • Mar 30Y down 14/32 at 172-10 (L: 172-09 / H: 172-28)
  • Mar Ultra 30Y down 28/32 at 211-22 (L: 211-21 / H: 212-29)

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