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Post-Data React

US TSY FUTURES

Post-data volatility, Tsys had been rebounding off pre-open lows, fast two-way post data (claims +190k vs. 214k est; Philly Fed -8.9 vs. -11.0 est; house starts 1.382M vs. 1.358M est) as mkt extended bounce and just as quickly trades back near lows at moment (30YY at 3.5718%, +.0340).
Yield curves pare earlier steepening, currently running:

  • 3M10Y +1.137, -130.644 (L: -140.082 / H: -127.217)
  • 2Y10Y +0.182, -71.504 (L: -72.795 / H: -69.119)
  • 2Y30Y -0.011, -54.895 (L: -56.061 / H: -51.916)
  • 5Y30Y -0.656, 9.104 (L: 8.774 / H: 11.829)

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