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Post-CPI Volatile React: Tsys Gap Lower, Rebound - Gap Higher

US TSY FUTURES

Volatile pre-post data moves, Tsy futures gap lower/extend lows (30YY 3.7888% high) after Jan CPI climbed 0.5 percent, seasonally adjusted, +6.4% YoY - not seasonally adjusted. Tsys futures gap higher/extend highs just as quickly (30YY 3.7162% low) as mkt hold onto seventh consecutive decline for headline CPI.
Futures back near pre-data levels, yield curves mixed:

  • 3M10Y -5.852, -114.524 (L: -120.69 / H: -108.184)
  • 2Y10Y -0.207, -82.433 (L: -90.374 / H: -80.266)
  • 2Y30Y +1.219, -73.885 (L: -79.098 / H: -70.439)
  • 5Y30Y +1.819, -12.299 (L: -17.498 / H: -8.164)

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