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Volume Surge As Tsys Follow EGBs Lower

US TSY FUTURES
Focus on "upward inflation pressure as economy recovers" Lagarde headlines in post ECB rate annc. Volumes surge, TYH1 >425k now, appr 175k since the annc. Yield curves bear steepening not a big surprise here:
  • 3M10Y +3.919, 103.572 (L: 89.593 / H: 104.084)
  • 2Y10Y +3.039, 98.155 (L: 94.41 / H: 98.636)
  • 2Y30Y +3.61, 173.742 (L: 169.16 / H: 174.322)
  • 5Y30Y +1.954, 140.609 (L: 137.861 / H: 140.983)
  • Current futures levels:
  • Mar 2Y down 0.125/32 at 110-14.75 (L: 110-14.625 / H: 110-15)
  • Mar 5Y down 2.5/32 at 125-22.25 (L: 125-21.75 / H: 125-25.75)
  • Mar 10Y down 5.5/32 at 136-25.5 (L: 136-23.5 / H: 137-02)
  • Mar 30Y down 20/32 at 168-12 (L: 168-07 / H: 169-11)
  • Mar Ultra 30Y down 1-6/32 at 204-13 (L: 204-03 / H: 206-09)

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