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Trading stronger, but well off top...>

US TSY FUTURES
US TSY FUTURES: Trading stronger, but well off top end of range on heavy volume
(TYH>1.58M) w/global equities continued rout overnight. Latter rebounding on
heavy chop, emini actually traded +7.0 briefly from -30.0 few minutes prior,
back lower currently. CME vol index VIX>50 first time since Aug 2015, aftermath
of leveraged short vol/inverse VIX ETF hedging. Latest curve update:
* 2s10s +1.103, 68.844 (71.142H/67.466L);
* 2s30s +0.834, 98.616 (104.783H/96.800L);
* 5s30s +0.482, 56.974 (64.703H/54.684L);
Current futures levels:
* Mar Ultra bonds up 1-13/32 at 159-20 (158-18L/161-02H)
* Mar 30-yr Bond futures up 1-2/32 at 146-24 (145-28L/147-23H)
* Mar 10-yr futures up 18.5/32 at 121-27 (121-16L/122-19H)
* Mar 5-yr futures up 10.25/32 at 115-03.5 (114-28.75L/115-21.25H)
* Mar 2-yr futures up 2.5/32 at 106-26 (106-24.75L/107-00.25H)

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