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Tail-Wind For Rates As Eq's Sell-Off

US TSY FUTURES CLOSE

Broadly higher after the bell, strong tail-wind for rates all session with equities selling off, ESZ0 breaching 50-day EMA (50% retrace back to Sep low in second half). Yld curves bull flatten, update:

  • 3M10Y -3.598, 71.315 (L: 69.544 / H: 73.315)
  • 2Y10Y -3.551, 64.996 (L: 64.159 / H: 67.608)
  • 2Y30Y -4.126, 144.223 (L: 142.931 / H: 147.446)
  • 5Y30Y -2.049, 124.235 (L: 123.332 / H: 126.1)
  • Current futures levels:
  • Dec 2Y +0.25/32 at 110-13.3 (L: 110-13 / H: 110-13.75)
  • Dec 5Y +3.25/32 at 125-21.75 (L: 125-18 / H: 125-23)
  • Dec 10Y up 9/32 at 138-20.5 (L: 138-11 / H: 138-23)
  • Dec 30Y up 1-1/32 at 173-20 (L: 172-22 / H: 173-30)
  • Dec Ultra 30Y up 2-10/32 at 216-17 (L: 214-13 / H: 217-05)

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