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Long Extends Lows After Opening Bell

US TSY FUTURES
Tsy bonds extend lows after holding narrow/lower range last 4 hours -- well off earlier overnight highs. Yld curves bouncing slightly after the steady bull flattening since last week's FOMC and hawkish pivot. Speaking of hawks -- StL Fed Pres Bullard and Dallas Fed Pres Kaplan give there economic outlook at a virtual forum at 0945ET. Heavy overnight volumes (TYU >850k) after Tsys ground higher during Asia hours, only to reverse the move during the cross-over to London trade.
  • 30YY currently 2.0535% +.0408 (2.0602%H, 1.9259%L)
  • 10YY currently 1.4582% +.0219 (1.4633%H, 1.3526%L)

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