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US TSY SUMMARY

US TSY/RECAP
US Treasuries have traded in a 7 ticks range during our European
morning session (139.17-13924 low/high).
  • Covid spreads from China to Europe and Australia has kept core
    Bond underpinned, despite the fall in hard hit states, Florida, California
    and Texas over the weekend.
  • Curve play is bull flattening in early trading, albeit just pairing some
    the move we saw last Friday. -2s/10s trades at 42.75.
  • Focus this afternoon turns to the US Durable goods data release
    and 5yr and 2yr supplies..
  • TY1 futures are up 0-4 today at 139-22+
  • 2y yields down -0.6bp today at 0.142%-
  • 5y yields down -1.4bp today at 0.262%
  • 10y yields down -1.7bp today at 0.573%
  • 30y yields down -2.0bp today at 1.211%
  • 2s10s down -1.1bp today at 43.1bp

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