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Post-Data Chop, Extend Gains Post ADP​​​​​​​

US TSY FUTURES

Long end lead charge higher after ADP missed exp (428k vs. 1.0M est). yld curves bending flatter. Seeing some selling into the initial move, 30Y bond scaling back highs now.

  • 3M10Y +0.418, 56.629 (L: 53.812 / H: 58.17)
  • 2Y10Y -0.034, 53.374 (L: 52.885 / H: 55.299)
  • 2Y30Y -0.779, 127.735 (L: 126.833 / H: 130.783)
  • 5Y30Y -0.897, 115.626 (L: 114.881 / H: 118.097)
  • Current futures levels:
  • Dec 2Y -0.375/32 at 110-14.625 (L: 110-14.5 / H: 110-15)
  • Dec 5Y down 0.75/32 at 126-1.5 (L: 125-31.75 / H: 126-02.25)
  • Dec 10Y steady at 139-14 (L: 139-09 / H: 139-15.5)
  • Dec 30Y up 2/32 at 176-13 (L: 175-28 / H: 176-18)
  • Dec Ultra 30Y up 11/32 at 222-16 (L: 221-08 / H: 222-28)

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