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Yields Making New Highs

Support for Treasury futures has evaporated over the last 90 minutes, adding to Thursday's sell-off with exception to yield curves: bear steepening as opposed to Thursday's bear flattening.
  • 30YY +.0328 at 2.3491%; 10YY +.0263 at 2.0556%.
  • No obvious headline or policy related headlines from Fed speakers for moves, equities weaker but off lows (ESH2 -21.5 at 44.76).
  • Mar'22 10Y futures nearing technical support of 125-17.5 yesterday's low, currently 125-20.5 (-5). Second support 125-06.5 -- May 30, 2019 low

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