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Post-Data Sale

US TSY FUTURES

Slight delay, Tsy futures pare gains in long end after weekly claims drops 67k to 847k, draws more selling on heels of Q4 GDP (+4.0 vs. +4.2% est), Advance Goods Trade Balance is a deficit ($82.5B vs. $84B est), Wholesale Inventories (+0.1% MoM vs. +0.5% est). Futures mildly weaker for most part, near middle overnight range, yield curves mixed on decent volumes (TYH1 >570k).

  • 3M10Y +0.68, 94.936 (L: 91.977 / H: 95.275)
  • 2Y10Y +0.369, 89.869 (L: 87.306 / H: 90.685)
  • 2Y30Y +0.059, 165.281 (L: 163.223 / H: 166.608)
  • 5Y30Y -0.523, 135.74 (L: 134.512 / H: 136.946)
  • Current futures levels:
  • Mar 2Y down 0.125/32 at 110-15.625 (L: 110-15.375 / H: 110-15.875)
  • Mar 5Y down 1/32 at 125-31.75 (L: 125-31.25 / H: 126-01)
  • Mar 10Y down 2.5/32 at 137-14.5 (L: 137-13.5 / H: 137-19)
  • Mar 30Y steady at at 170-14 (L: 170-05 / H: 170-29)
  • Mar Ultra 30Y up 7/32 at 208-4 (L: 207-16 / H: 208-28)

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