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Post-July FOMC Minutes Sell-Off

US TSY FUTURES CLOSE

Lacking more significant insight into the July FOMC minutes, Tsy futures extended session lows as Fed focused on additional stimulus in the still weak recovery. Yld curves held steeper profiles after Tsys see-sawed off lows. Update:

  • 3M10Y +1.32, 57.798 (L: 52.25 / H: 59.028)
  • 2Y10Y +1.011, 53.376 (L: 50.333 / H: 54.151)
  • 2Y30Y +2.256, 127.294 (L: 121.991 / H: 129.163)
  • 5Y30Y +1.897, 113.58 (L: 109.158 / H: 115.042)
  • Current futures levels:
  • Sep 2Y steady at at 110-13.125 (L: 110-12.875 / H: 110-13.5)
  • Sep 5Y steady at at 125-26.25 (L: 125-25.25 / H: 125-28.5)
  • Sep 10Y down 1/32 at 139-11.5 (L: 139-08.5 / H: 139-18)
  • Sep 30Y down 14/32 at 178-12 (L: 178-00 / H: 179-13)
  • Sep Ultra 30Y down 30/32 at 218-24 (L: 217-28 / H: 221-05)

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