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Well Bid Ahead Fri Employ Data, Equities Off Sharply

US TSY FUTURES CLOSE

Yield curves continued to flatten Thu as Bonds lead the move, 30YY -.0369bp to 1.3420% <50DMA, partially driven by sharply weaker equity indexes (emini -145.0; NDX -660.0). Update:

  • 3M10Y -2.668, 51.173 (L: 49.552 / H: 55.164)
  • 2Y10Y -1.94, 49.351 (L: 47.927 / H: 52.525)
  • 2Y30Y -3.4, 121 (L: 119.56 / H: 126.249)
  • 5Y30Y -2.648, 109.919 (L: 109.195 / H: 114.022)
  • Current futures levels:
  • Dec 2Y +0.75/32 at 110-15.375 (L: 110-14.375 / H: 110-15.75)
  • Dec 5Y up 3.5/32 at 126-5.25 (L: 126-00 / H: 126-06.5)
  • Dec 10Y up 8.5/32 at 139-26 (L: 139-13 / H: 139-29)
  • Dec 30Y up 24/32 at 177-31 (L: 176-25 / H: 178-17)
  • Dec Ultra 30Y up 1-24/32 at 226-04 (L: 223-04 / H: 226-26)

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