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New Yield Curve Lows

US TSY FUTURES

Yield curves broadly flatter as short end remains under pressure following the recent comments from Fed Chairman Powell on accelerated taper, need to allay higher and/or entrenched inflation concerns. Long end outperforming amid flurry of steepener stop-outs, general view of economy, uncertainty over Covid variants etc.
5s30s almost dipped below 59.0 -- lowest since March 2020, has bounced drawing spec and fast$ buying.

  • 3M10Y -6.88, 138.174 (L: 135.296 / H: 145.576)
  • 2Y10Y -10.251, 90.798 (L: 90.015 / H: 101.21)
  • 2Y30Y -11.473, 125.158 (L: 122.877 / H: 136.854)
  • 5Y30Y -7.496, 62.631 (L: 59.042 / H: 74.489)

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