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Virus Cares Underpin Tsys

US TSY FUTURES CLOSE

Tsys trading just off late session highs after the bell, trading desks suggested algos were keyed in on "more rapidly transmissible" virus variant, risk-off tone weighing on equities (ESH1 -10.0). Yld curves bull flattening:

  • 3M10Y -1.405, 83.69 (L: 81.163 / H: 84.931)
  • 2Y10Y -1.053, 79.909 (L: 79.209 / H: 81.7)
  • 2Y30Y -1.6, 153.195 (L: 152.795 / H: 155.602)
  • 5Y30Y -0.608, 128.388 (L: 128.095 / H: 129.662)
  • Current futures levels:
  • Mar 2Y up 0.37/32a at 110-15.375 (L: 110-15 / H: 110-15.5)
  • Mar 5Y up 2.5/32 at 126-1.75 (L: 125-31 / H: 126-02.5)
  • Mar 10Y up 6/32 at 137-30.5 (L: 137-24.5 / H: 138-00)
  • Mar 30Y up 20/32 at 173-0 (L: 172-14 / H: 173-03)
  • Mar Ultra 30Y up 1-9/32 at 213-5 (L: 212-00 / H: 213-12)

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