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Making New Session Lows

US TSY FUTURES

Selling off last couple minutes, making new session lows (30YY +.0065 to 1.4453%; 10YY +.0017 to 0.6904%). No definitive trigger as before (some cited futures moving through strikes earlier spurred option-tied hedging). StL Fed Pres Bullard did express opinion he expects inflation to pick up (see 1032ET Bullet), but surely not anytime soon. Yld curves swing back to mildly steeper:

  • 3M10Y +0.93, 60.168 (L: 57.097 / H: 60.332)
  • 2Y10Y +0.768, 55.736 (L: 53.366 / H: 55.736)
  • 2Y30Y +1.121, 131.098 (L: 127.71 / H: 131.418)
  • 5Y30Y +0.996, 117.015 (L: 114.508 / H: 117.471)
  • Current futures levels:
  • Dec 2Y steady at 110-14.875 (L: 110-14.5 / H: 110-15)
  • Dec 5Y down 0.5/32 at 125-31.75 (L: 125-30.5 / H: 126-01.25)
  • Dec 10Y down 1.5/32 at 139-13 (L: 139-11.5 / H: 139-18)
  • Dec 30Y down 11/32 at 176-4 (L: 176-01 / H: 176-28)
  • Dec Ultra 30Y down 27/32 at 221-29 (L: 221-23 / H: 223-15)

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