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Weaker, Massive Volumes, Yield Curves At New Multi-Yr Highs

US TSY FUTURES

Tsys under heavy pressure on massive overnight volumes (TYH>850k) with Democrats poised to take majority in Senate after Tue's GA runoff elections (count ongoing but % balance ballots outstanding low). Futures little off lows over last hours while yield curves bear steepen to new multi-year highs (5s30s at mid-2017 levels). Aside from heavy data day, Congress tallies electoral votes (1300ET) that is likely to run into overtime on objections from handful of Republicans.

  • 3M10Y +5.45, 92.319 (L: 85.7 / H: 94.507)
  • 2Y10Y +4.549, 87.705 (L: 82.017 / H: 89.696)
  • 2Y30Y +5.789, 164.097 (L: 156.679 / H: 166.256)
  • 5Y30Y +3.286, 136.278 (L: 131.957 / H: 137.582)
  • Current futures levels:
  • Mar 2Y down 0.87/32 at 110-14.375 (L: 110-14.25 / H: 110-15.37)
  • Mar 5Y down 5.75/32 at 125-28.75 (L: 125-26 / H: 126-04)
  • Mar 10Y down 15/32 at 137-12 (L: 137-06 / H: 137-29.5)
  • Mar 30Y down 1-13/32 at 170-19 (L: 170-03 / H: 172-10)
  • Mar Ultra 30Y down 2-28/32 at 208-7 (L: 207-10 / H: 211-23)

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