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Tsys Gap Higher On Large August Employ Miss: +235K

US TSYS

Tsys break narrow overnight range, surge higher after Aug NFP jobs gain of +235k way below est of +725K. July up-revision to +1.053M (vs. +943k) tempers move, Tsys scale back off highs. Yield curves mostly steeper at moment:

  • 3M10Y -0.25, 123.541 (L: 121.356 / H: 125.393)
  • 2Y10Y +0.748, 108.344 (L: 106.357 / H: 109.207)
  • 2Y30Y +2.092, 170.84 (L: 168.495 / H: 170.84)
  • 5Y30Y +2.427, 115.533 (L: 110.871 / H: 115.65)

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