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Tsys Plowing Higher

US TSY FUTURES

Yld curves bull flattening as long end rates continue to extend session highs, volumes surge, TYH more than double opening levels currently at 570k. Not an equity correlated move as stocks hold gains albeit on choppy trade (ESH1 +12.5).
Recent flow includes prop and fast$ buying 10s, real$ and bank portfolio buying 30s. Current levels:

  • 3M10Y -2.375, 98.571 (L: 90.892 / H: 101.808)
  • 2Y10Y -2.376, 93.676 (L: 93.337 / H: 97.591)
  • 2Y30Y -3.298, 168.791 (L: 168.302 / H: 173.858)
  • 5Y30Y -2.338, 138.98 (L: 138.631 / H: 142.3)
  • Current futures levels:
  • Mar 2Y down 0.125/32 at 110-15.25 (L: 110-15.125 / H: 110-15.5)
  • Mar 5Y up 1.75/32 at 125-28.75 (L: 125-26.25 / H: 125-29.75)
  • Mar 10Y up 5/32 at 137-6 (L: 136-30 / H: 137-07.5)
  • Mar 30Y up 22/32 at 169-18 (L: 168-19 / H: 169-22)
  • Mar Ultra 30Y up 57/32 at 206-23 (L: 204-18 / H: 206-30)

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