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US TSYS

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US TSYS

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Post-Data: Don't Blink, Bonds Higher Now

US TSY FUTURES
Seconds after extending lows, 30Y bonds gap bid/extend highs: 30YY went from 3.1884% high now at 3.0929%.
  • Yield curves getting crushed: 2s10s -10.792 at 11.852; 5s10s -5.492 at -7.980.
  • Implication: heavy short end selling on inflation surge has market expecting Fed to hike US into a recession.
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Seconds after extending lows, 30Y bonds gap bid/extend highs: 30YY went from 3.1884% high now at 3.0929%.
  • Yield curves getting crushed: 2s10s -10.792 at 11.852; 5s10s -5.492 at -7.980.
  • Implication: heavy short end selling on inflation surge has market expecting Fed to hike US into a recession.