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Post-Data Two-Way Trade

US TSY FUTURES
Tsys still weaker but off lows after weekly and continuing claims came out lower than est (290k vs. 297k est; 2.481M vs. 2.548M est), Philly Fed lower than exp at 23.8 vs. 25.0 est.
  • Ylds bouncing slightly after falling to lowest in 5 months ahead the NY open (30YY 2.1293 vs. 2.1583H; 10YY 1.6621 vs. 1.6798H).
  • Contributing factor: AerCap 9-tranche issuance spanning 2-20Y estimated around $20B, generating rate locks across curve earlier.

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