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Unwinding Midday Losses

US TSY FUTURES
  • US Treasury futures are gradually recovering from midday lows, Dec'23 10Y futures at 107-14.5 (-19.5) vs. 107-07 low, 10YY at 4.6620% (+.0908) vs. 4.7014% high.
  • No obvious headline or Block/cross driver while curves remain steeper: 3M10Y +7.398 at -81.124, 2Y10Y +3.867 at -43.795.
  • Cross asset summary: Greenback remains strong (DXY +.708 at 106.882), Gold remains weak (-15.56 at 1833.07), crude weaker too (WTI -1.95 at 88.84). Stocks mixed, Nasdaq outperforming: up 40 points (0.3%) at 13264.48, DJIA down 142.95 points (-0.43%) at 33374.18, S&P E-Mini Future down 15.5 points (-0.36%) at 4311.25.

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