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Recent Long End Correlation To Stocks Falters

US TSY FUTURES CLOSE

Futures trading mixed, yield curves broadly steeper as bonds remain under pressure after the bell, with equities higher ESH1 +92.0 (not that a negative correlation is unusual!). Yield curves see strong rebound, still off last Thu's 6+ year highs. Currently:

  • 3M10Y +4.368, 140.551 (L: 132.943 / H: 142.016)
  • 2Y10Y +4.587, 131.796 (L: 125.822 / H: 132.803)
  • 2Y30Y +7.532, 209.374 (L: 201.3 / H: 210.381)
  • 5Y30Y +9.108, 150.946 (L: 143.62 / H: 151.547)
  • Current futures levels:
  • Jun 2Y up 1.75/32 at 110-14 (L: 110-12.625 / H: 110-14.625)
  • Jun 5Y up 12.25/32 at 124-11.25 (L: 124-06.75 / H: 124-15)
  • Jun 10Y up 16.5/32 at 133-7.5 (L: 133-00 / H: 133-16.5)
  • Jun 30Y steady at 159-7 (L: 158-29 / H: 160-26)
  • Jun Ultra 30Y down 24/32 at 188-10 (L: 187-21 / H: 191-03)
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BulletMarketsFixed Income Bullets

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