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Rates AND Equities Bounce Ahead Impeachment Vote

US TSY FUTURES CLOSE

Futures finished strong, near top end of range with yield curves bull flattening off multi-year lows. Rather somber session despite the robust volumes (TYH1>1.73M) amid decent two-way trade focused on better buying ahead of the House impeachment vote this afternoon. equities bid as well, possibly on chatter that McConnell rejects early Trump trial to remove before Jan 20.

  • 3M10Y -3.823, 100.209 (L: 98.259 / H: 104.463)
  • 2Y10Y -4.079, 94.135 (L: 92.438 / H: 98.16)
  • 2Y30Y -5.356, 167.139 (L: 165.882 / H: 172.708)
  • 5Y30Y -2.959, 134.124 (L: 133.606 / H: 137.865)
  • Current futures levels:
  • Mar 2Y up 0.125/32 at 110-13.75 (L: 110-13.25 / H: 110-14)
  • Mar 5Y up 4/32 at 125-19.5 (L: 125-14.5 / H: 125-20.75)
  • Mar 10Y up 11.5/32 at 136-24 (L: 136-12 / H: 136-27.5)
  • Mar 30Y up 1-5/32 at 169-11 (L: 168-08 / H: 169-22)
  • Mar Ultra 30Y up 2-19/32 at 206-15 (L: 204-03 / H: 206-28)

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