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Nearly Back To Pre-Headline Levels

US TSY FUTURES

Stimulus headline heralding "momentum" appears to have been the trigger behind brief risk-on move. But rate futures bounce right back to prior levels, equities trimming gains. One desk said, "unless McConnell changes his shell, it doesn't matter what Pelosi and Schumer say they support." Deja vu. Latest levels:

  • 3M10Y +2.999, 86.477 (L: 81.574 / H: 88.3)
  • 2Y10Y +2.569, 78.16 (L: 74.498 / H: 79.589)
  • 2Y30Y +3.938, 153.481 (L: 148.328 / H: 155.457)
  • 5Y30Y +2.613, 127.662 (L: 123.706 / H: 128.785)
  • Current futures levels:
  • Mar 2Y up 0.5/32 at 110-12 (L: 110-11.625 / H: 110-12.5)
  • Mar 5Y up 1/32 at 125-22.75 (L: 125-20.5 / H: 125-25.5)
  • Mar 10Y down 0.5/32 at 137-13.5 (L: 137-08.5 / H: 137-21)
  • Mar 30Y down 16/32 at 172-5 (L: 171-22 / H: 173-06)
  • Mar Ultra 30Y down 1-0/32 at 210-23 (L: 209-23 / H: 212-27)

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