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Top End Narrow Range

US TSY FUTURES

Futures inching higher in lead-up to NY open, light volumes on narrow ranges (TYZ appr 185k), yield curves running flatter.
Quiet end to week with FOMC in rear view mirror, no significant data but do have a trio of Fed speakers today:

  • 1000 StL Fed Pres Bullard fireside chat, Q&A
  • 1200 Atl Fed Pres Bostic, on racial justice & finance, Q&A
  • 1500 Mn Fed Pres Kashkari on Too Big to Fail, Q&A
Waiting to hear more from Kashkari on dissent.
Quadruple witching for equities today could generate some late cross asset vol/hedging. Meanwhile, overnight flow included swap-tied real$ selling in 10s.

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