December 27, 2024 15:15 GMT
US TSYS: Short End Tsys Rebound, Curves Maintain Steeper Profiles
US TSYS
- Treasury futures have bounced off lows in the last few minutes, curves move steeper with 2s-10s mildly higher vs. weaker bonds.
- The Mar'25 10Y contract trades 108-22.5 high (+1.5), 10Y yield slips -.0038 ta 4.5789%, 2s10s +2.090 at 27.119, 5s30s +1.717 at 35.234.
- Tsy bid coincided with major averages going offered following second round of program selling - looking vaguely like portfolio asset allocation from EQs to Tsys, but no desks has confirmed the swap.
- IT, consumer discretionary and communication services lead sale, see 1013ET bullet for more on Equities.
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