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Yld Curves Bend Steeper

US TSY FUTURES
Bid in long end has evaporated since release of the lower than expected weekly claims (787k vs. 970k est), decent volumes as futures extend session lows across the curve, TYZ already over 485k. Of note, eminis traded firmer on the open back near steady, gold nearly lower by 20.0. Update:
  • 3M10Y +1.691, 73.806 (L: 70.185 / H: 74.141)
  • 2Y10Y +0.875, 68.008 (L: 65.326 / H: 68.344)
  • 2Y30Y +0.55, 149.165 (L: 145.594 / H: 149.58)
  • 5Y30Y +0.387, 128.224 (L: 125.566 / H: 128.478)
  • Current futures levels:
  • Dec 2Y -0.12/32 at 110-13.375 (L: 110-13.25 / H: 110-13.75)
  • Dec 5Y down 1/32 at 125-20.5 (L: 125-20 / H: 125-22.5)
  • Dec 10Y down 3.5/32 at 138-15 (L: 138-14 / H: 138-20)
  • Dec 30Y down 12/32 at 172-23 (L: 172-20 / H: 173-15)
  • Dec Ultra 30Y down 21/32 at 214-12 (L: 214-06 / H: 215-29)

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