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Risk-On

US TSY FUTURES CLOSE

Weaker but off lows after the bell, yld curves bear steepening mildly on the week opener. Risk-on tone carried on through the session, impetus from stronger equities after better than expected Markit PMI, composite rising to 57.9 from 56.3 in October (manufacturing and services both accelerating). Mixed Tsy auctions w/2Y stopping out slightly, 5Y tailing near full bp.

  • 3M10Y +2.431, 77.765 (L: 74.645 / H: 78.927)
  • 2Y10Y +2.528, 68.823 (L: 65.157 / H: 69.719)
  • 2Y30Y +3.005, 138.758 (L: 136.187 / H: 140.322)
  • 5Y30Y +2.123, 116.705 (L: 114.702 / H: 117.841)
  • Current futures levels:
  • Dec 2Y -0.12/32 at 110-12.375 (L: 110-12.25 / H: 110-12.75)
  • Dec 5Y -1.25/32 at 125-18 (L: 125-16.5 / H: 125-20)
  • Dec 10Y -5/32 at 138-11 (L: 138-08.5 / H: 138-17.5)
  • Dec 30Y -16/32 at 173-18 (L: 173-09 / H: 174-08)
  • Dec Ultra 30Y -26/32 at 218-18 (L: 217-26 / H: 219-28)

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