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Unexpected Late Surge Extends Highs after Tsy-Tied Sell-Off

US TSY FUTURES

TSy futures gapped higher in the last few minutes, talk of flash rally or fat finger making the rounds -- but more likely month-end buying hitting an air pocket after Tsys gapped lower following the Tsy dept annc raising Q4 borrowing by $150B.
Tsy 30YY gapped to 4.2274% high and back to 4.1436% at the moment, yield curves flatter:

  • 3M10Y +4.431, -3.34 (L: -11.359 / H: 2.336)
  • 2Y10Y -2.438, -43.455 (L: -45.946 / H: -40.734)
  • 2Y30Y -5.013, -33.214 (L: -35.878 / H: -28.624)
  • 5Y30Y -3.835, -8.204 (L: -10.957 / H: -4.103)

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