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Paring back gains into midday as.....>

US TSY FUTURES
US TSY FUTURES: Paring back gains into midday as equities continue to inch off
lows (ESH0 -15.0 at 3244.0 after falling to 3263.5 ahead the NY open).
Middle-east geopolitical tensions only just getting warmed up after last nights
US Strike on Iran's Soleimani, but fear of immediate reprisals do appear to be
cooling at the moment with some strategists suggesting global effect is more
regional and unlikely to "derail" US economy. All remains fluid, any escalation
sure to add momentum to risk-off move. Update:
* 3M10Y  -4.487, 30.149 (L: 25.765 / H: 31.58)
* 2Y10Y  -2.374, 28.238 (L: 26.47 / H: 29.957)
* 2Y30Y  -1.249, 74.771 (L: 72.15 / H: 76.732)
* 5Y30Y  +0.863, 67.171 (L: 65.417 / H: 69.509); Current futures levels:
* Mar 2-Yr futures up 3.25/32  at 107-26.5 (L: 107-23.375 / H: 107-27.12)
* Mar 5-Yr futures up 10.5/32  at 118-31.75 (L: 118-21.5 / H: 119-02.75)
* Mar 10-Yr futures up 19.5/32  at 129-7.5 (L: 128-20 / H: 129-13)
* Mar 30-Yr futures up 40/32  at 157-27 (L: 156-21 / H: 158-08)
* Mar Ultra futures up 68/32  at 185-2 (L: 183-04 / H: 185-30)

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