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Pause In Risk Appetite

US TSY FUTURES

Futures near early overnight highs -- but still only a modest bounce after Tuesday's steep sell-off w/30YY climbing over 10bp to 1.6830% high, currently 1.6529%. Risk appetite in abeyance, focus back on COVID stimulus being hashed out in Congress. Overnight trade includes two-way from fast$ in the short end, real$ buying 10s, swap-tied selling intermediates, light 2-way curve flow after Tue's bear steepening.

  • 3M10Y -0.482, 82.996 (L: 81.574 / H: 83.656)
  • 2Y10Y -0.013, 75.578 (L: 74.498 / H: 76.537)
  • 2Y30Y -0.228, 149.315 (L: 148.328 / H: 150.725)
  • 5Y30Y -0.679, 124.37 (L: 123.706 / H: 125.54)
  • Current futures levels:
  • Mar 2Y up 0.87/32 at 110-12.375 (L: 110-11.87 / H: 110-12.5)
  • Mar 5Y up 3.25/32 at 125-25 (L: 125-23 / H: 125-25.5)
  • Mar 10Y up 5/32 at 137-19 (L: 137-15.5 / H: 137-21)
  • Mar 30Y up 11/32 at 173-0 (L: 172-20 / H: 173-06)
  • Mar Ultra 30Y up 27/32 at 212-18 (L: 211-24 / H: 212-27)

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