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Retains Modest Bid

US TSY FUTURES

Futures trading modestly higher, just off recent overnight lows while equities trade mildly higher as well (ESH1 +8.5 at 3694.25). Very light volumes (TYH1 appr 185k) ahead the Christmas holiday (early close Thu, mkts closed Fri) -- still have decent round of data (GDP, Cons Conf, Existing Home Sales) today, in addition to Tsy bills and 5Y TIPS auction. Covid-related headlines continue to underpin tempered slightly by stimulus relief passing Congress late Monday -- waiting for Pres Trump signature today. Yld curves mixed.

  • 3M10Y -0.838, 84.257 (L: 81.163 / H: 84.922)
  • 2Y10Y +0.073, 81.035 (L: 79.209 / H: 81.7)
  • 2Y30Y -0.065, 154.73 (L: 152.926 / H: 155.602)
  • 5Y30Y +0.011, 129.007 (L: 128.095 / H: 129.584)
  • Current futures levels:
  • Mar 2Y up 0.25/32 at 110-15.25 (L: 110-15 / H: 110-15.5)
  • Mar 5Y up 0.5/32 at 125-31.75 (L: 125-31 / H: 126-01.5)
  • Mar 10Y up 2/32 at 137-26.5 (L: 137-24.5 / H: 137-30.5)
  • Mar 30Y up 9/32 at 172-21 (L: 172-14 / H: 173-02)
  • Mar Ultra 30Y up 18/32 at 212-14 (L: 212-00 / H: 213-08)

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