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Weaker, Off Lows Ahead ADP

US TSY FUTURES

Tsy futures inching off late overnight lows in the lead-up to Aug ADP (1.0M est), 30Y bond currently near middle overnight range. Yld curves mildly steeper. Overnight trade two-way on net, fast$ selling 5s, real$ buying intermediates. Update:

  • 3M10Y +0.562, 56.773 (L: 53.812 / H: 58.17)
  • 2Y10Y +0.422, 53.83 (L: 53.767 / H: 55.299)
  • 2Y30Y +0.318, 128.832 (L: 128.832 / H: 130.783)
  • 5Y30Y +0.081, 116.604 (L: 116.559 / H: 118.097)
  • Current futures levels:
  • Dec 2Y -0.375/32 at 110-14.625 (L: 110-14.5 / H: 110-15)
  • Dec 5Y down 1.25/32 at 126-1 (L: 125-31.75 / H: 126-02)
  • Dec 10Y down 1/32 at 139-13 (L: 139-09 / H: 139-14)
  • Dec 30Y down 5/32 at 176-6 (L: 175-28 / H: 176-13)
  • Dec Ultra 30Y down 4/32 at 222-1 (L: 221-08 / H: 222-11)

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