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Near Post-Powell Lows

US TSY FUTURES CLOSE

Futures sold off after Fed Chair Powell did not mention Twist 3.0 or SLR extension, held Fed line: keeping longer run inflation expectations anchored AT 2%, a transient increase in inflation will no effect inflation over longer periods. Yield curves bounced, short end steeper. Little late follow-through ahead Fri Fedb NFP.

  • 3M10Y +5.374, 149.394 (L: 140.421 / H: 151.811)
  • 2Y10Y +5.765, 139.374 (L: 130.736 / H: 140.693)
  • 2Y30Y +2.231, 215.352 (L: 208.615 / H: 217.147)
  • 5Y30Y -2.03, 152.234 (L: 151.129 / H: 156.153)
  • Current futures levels:
  • Jun 2Y steady at at 110-13.125 (L: 110-12.375 / H: 110-13.625)
  • Jun 5Y down 7/32 at 124-1.5 (L: 123-31.25 / H: 124-12.25)
  • Jun 10Y down 18/32 at 132-15.5 (L: 132-11.5 / H: 133-06)
  • Jun 30Y down 1-8/32 at 157-9 (L: 156-31 / H: 158-31)
  • Jun Ultra 30Y down 1-12/32 at 186-3 (L: 185-05 / H: 188-08)
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