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SPAIN DATA

Spanish GDP Rose in Q2

GILTS

Opening calls

NOK

Trades in  the red against all majors

Rate Rally Gains Momentum

US TSY FUTURES

Tsy futures extend past early overnight highs last couple minutes, still no concrete driver (sources suggest knock on bid w/EGB's, Gilts; carry-over month end duration extensions) last half hour. Couple desks say tight stops triggered on the way up. Yld curves reversing steeper levels. Update:

  • 3M10Y +0.081, 59.657 (L: 57.241 / H: 62.603)
  • 2Y10Y -0.457, 56.737 (L: 56.411 / H: 59.487)
  • 2Y30Y +0.065, 134.247 (L: 133.919 / H: 138.01)
  • 5Y30Y +0.722, 121.298 (L: 120.655 / H: 124.063)
  • Current futures levels:
  • Dec 2Y up 0.125/32 at 110-15.25 (L: 110-14.5 / H: 110-15.375)
  • Dec 5Y up 0.25/32 at 126-1.25 (L: 125-29.75 / H: 126-01.75)
  • Dec 10Y up 1/32 at 139-9 (L: 139-01 / H: 139-10)
  • Dec 30Y down 8/32 at 175-15 (L: 174-21 / H: 175-18)
  • Dec Ultra 30Y down 28/32 at 220-1 (L: 218-05 / H: 220-06)
MNI Chicago Bureau | +1 312-431-0089 | bill.sokolis@marketnews.com