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Weighed Down As Risk Appetite Builds

US TSYS SUMMARY

Stronger risk appetite (S&P futures pointing to all-time highs on the open), has kept Treasuries on the back foot to start the week.

Within ranges though and nothing special in terms of volume (6 ticks on TYU0, ~215k traded). Sep 10-Yr futures (TY) down 1.5/32 at 139-16.5 (L: 139-16 / H: 139-22)

A bit of bear steepening: 2-Yr yield is up 0.4bps at 0.1473%, 5-Yr is up 1bps at 0.2739%, 10-Yr is up 1.5bps at 0.6428%, and 30-Yr is up 1.3bps at 1.3534%.

Only data is Chicago Fed Nat'l Activity Index for August at 0830ET. Pretty quiet on that front until Wednesday's Durable Goods numbers.

Attention remains on KC Fed's Jackson Hole symposium on Thu-Fri.

Supply today consists of $105B of 13/-26-week bill sales. (2s/5s/7s notes coming later this week). Today, NY Fed buys ~$1.75B of 20-30Yr Tsys.

BulletMarketsFixed Income Bullets
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