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US TSYS SUMMARY

Tsy futures held near second half lows after the bell, muted react to employment release (+1.8M; unemployment 10.2%). Heavy selling in short end noted early TUU down nearly full point. 10YY +.0262 to 0.5624% after making new 5M low Thu (.5019%).

  • - Focus turned to stimulus deal talks -- no agreement even after Tsy Sec Mnuchin "Rejects Pelosi Offer to Come Down $1t as 'Non Starter'" Bbg. No deal after the meeting, Tsy Sec Mnuchin recommends executive orders, COS Meadows said President will sign over weekend.
  • - Tsys held near lows after the close while Dow Industrials and eminis managed to recover earlier losses/trade higher.
  • - HEAVY selling in short end earlier: Appr 58,000 Sep 2Y (TUU) trades down to 110-14.5 last 20 minutes, scale sellers: -28k 110-14.88, -20k -14.75, balance hits -14.5.
  • The 2-Yr yield is up 1bps at 0.125%, 5-Yr is up 1.4bps at 0.2279%, 10-Yr is up 2.6bps at 0.5624%, and 30-Yr is up 3.2bps at 1.2305%.
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