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Two-Way Post-Data

US TSY FUTURES

Tsy futures holding weaker levels and inside the overnight range post data: weekly and continuing claims better than exp (281k vs. 288k est; 2.243m vs. 2.420m est) while first look at 3Q GDP came out weaker than est: 2.0% vs. 2.6%.

  • Robust volumes (TYZ1>675k) amid two-way in 2s-7s, carry-over buying in long end from bank and insurance portfolios. Continued steepener stop-outs for leveraged accts. Current levels:
    • 3M10Y +0.612, 149.166 (L: 147.005 / H: 150.313)
    • 2Y10Y -2.009, 101.633 (L: 97.646 / H: 104.298)
    • 2Y30Y -2.651, 141.858 (L: 136.702 / H: 144.795)
    • 5Y30Y -3.773, 76.135 (L: 73.349 / H: 80.115)

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