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Post-Data Bounce

US TSY FUTURES

Tsys bounced off pre-open lows post-data, likely reacting to weaker than expected 2Q GDP +6.5% vs. +8.5% est. Moderate volumes with futures holding well off overnight highs, curves steeper with short end outperforming:

  • 3M10Y +1.824, 120.02 (L: 117.356 / H: 122.024)
  • 2Y10Y +2.02, 104.933 (L: 102.746 / H: 105.679)
  • 2Y30Y +2.389, 170.043 (L: 167.847 / H: 170.621)
  • 5Y30Y +1.713, 118.288 (L: 116.164 / H: 118.448)

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