Free Trial

Selling Off

US TSY FUTURES

Futures reverse gains just after the equity open (eminis dipped as well but rebound, ESH1 +8), no specific driver at the moment, but headline risk always a factor (Fed-speak with Fed Chair Powell later at 1230ET; tentative Biden presser at 1915ET to discuss fiscal package among other topics; $2T chatter). Yield curves steepening:

  • 3M10Y +2.719, 101.912 (L: 98.175 / H: 102.679)
  • 2Y10Y +1.702, 95.327 (L: 92.777 / H: 96.488)
  • 2Y30Y +2.031, 168.89 (L: 165.813 / H: 169.689)
  • 5Y30Y +1.549, 136.033 (L: 133.688 / H: 136.103)
  • Current futures levels:
  • Mar 2Y up 0.125/32 at 110-13.75 (L: 110-13.375 / H: 110-14)
  • Mar 5Y down 0.25/32 at 125-19.5 (L: 125-16.5 / H: 125-21.25)
  • Mar 10Y down 2.5/32 at 136-22 (L: 136-17 / H: 136-28)
  • Mar 30Y down 14/32 at 168-30 (L: 168-22 / H: 169-20)
  • Mar Ultra 30Y down 23/32 at 205-26 (L: 205-09 / H: 207-02)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.