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Temporary Dip On ECB Report

US TSYS

Treasuries took a 2-3 tick dip on a BBG story citing sources that the ECB's economic forecasts to be released Friday show "more confidence" in the outlook. However that proved short lived; in any case Tsys hit the session lows earlier than that (around 0800ET). Tsys remain weaker on the session overall, with the dollar a bit stronger but equities not blinking at all. Curve update:

  • 3M10Y +0.361, 56.288 (L: 51.915 / H: 57.433)
  • 1Y10Y -2.311, 51.611 (L: 50.55 / H: 52.924)
  • 2Y10Y +0.524, 53.919 (L: 51.669 / H: 54.866)
  • 2Y30Y +0.52, 128.165 (L: 125.14 / H: 129.524)
  • 5Y30Y +0.006, 115.234 (L: 113.09 / H: 116.158)

Current futures levels:

  • Dec 2-Yr futures (TU) down 0.125/32 at 110-14.25 (L: 110-14 / H: 110-14.75)
  • Dec 5-Yr futures (FV) down 0.25/32 at 125-31 (L: 125-29.75 / H: 126-01.75)
  • Dec 10-Yr futures (TY) down 0.5/32 at 139-12 (L: 139-09.5 / H: 139-20)
  • Dec 30-Yr futures (US) steady at at 176-9 (L: 175-30 / H: 177-00)
  • Dec Ultra futures (WN) down 7/32 at 222-8 (L: 221-14 / H: 223-29)

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