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Sharp Turn For Rate Futures

US TSY FUTURES

Tsy futures that had pared gains/traded weaker in 2s-10s after Fed chair started speaking, have rebounded on the back of EU Brexit comments several minutes ago.

  • Unattributed and unconfirmed comments on wires and social media stating that the EU will consider terminating the Brexit trade agreement (TCA) with the UK if the rift between Brussels and Westminster deepens. see 1202ET bullet for more.

Tsy futures surged to session highs but have scaled back support slightly as well, Yield curve broadly flatter in near end, while 5s30s are off 18 month low tapped Monday:

  • 3M10Y -5.556, 158.723 (L: 157.586 / H: 163.68)
  • 2Y10Y -6.917, 117.536 (L: 116.449 / H: 124.404)
  • 2Y30Y -8.303, 160.78 (L: 159.793 / H: 169.227)
  • 5Y30Y -3.949, 86.493 (L: 85.001 / H: 91.532)

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