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Post-Data React, Tsys Hold Near Highs, Stocks Gain

US TSY FUTURES
  • Tsy futures inching off recent highs after fast two-way flow following lower than estimated UofM 1Y inflation expectation +3.8% vs. 4.1% (5Y at 2.8% vs. 2.9% est). Equities paring losses, however, ESM3 at 3986.0 (-8.5).
  • Yield curves have bounced, 2s10s +1.522 at -57.332 as short end outperforms, front month 2Y futures +8 at 103-14.88, 2Y yield sitting at 4.0065%.

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